A way of charging interest where interest is added to the balance and next time is calculated on the new amount. This makes money grow faster than with simple interest.
In Russian: Сложный процент·Slozhny protsent
Russia
On deposits, compound interest comes from capitalisation (капитализация): 100,000 ₽ at 12% with monthly capitalisation grows to 112,683 ₽ in a year, and without it to 112,000 ₽. A credit card debt grows the same way if you do not pay it.
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