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Compound interest   /kˈɑmpaʊnd ˈɪntrəst/   Listen
Compound interest

noun
1.
Interest calculated on both the principal and the accrued interest.






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"Compound interest" Quotes from Famous Books



... instance, still more illustrative of the knotted, trebly intertwisted villainy, accumulating at a sort of compound interest in a man-of-war. The cockswain of the Commodore's barge takes his crew apart, one by one, and cautiously sounds them as to their fidelity—not to the United States of America, but to himself. Three individuals, whom he deems doubtful—that ...
— White Jacket - or, the World on a Man-of-War • Herman Melville

... sat down to work out his sum with a piece of chalk on a smooth stone. He tried it by practice and the unitary method, by multiplication, and by rule-of-three-and-three-quarters. He tried it by decimals and by compound interest. He tried it by square root and by cube root. He tried it by addition, simple and otherwise, and he tried it by mixed examples in vulgar fractions. But it was all of no use. Then he tried to do the sum by algebra, by simple and by quadratic equations, by trigonometry, ...
— The Book of Dragons • Edith Nesbit

... according to Carlyle, henceforth "preferring steady darkness to uncertain new light"; Spain, "people stumbling in steep places in the darkness of midnight"; Italy, "shrugging its shoulders and preferring going into Dilettantism and the Fine Arts"; and France, "with accounts run up on compound interest," had to answer the "writ of summons" with an all too ...
— The Nuttall Encyclopaedia - Being a Concise and Comprehensive Dictionary of General Knowledge • Edited by Rev. James Wood

... legislator less difficult—half as many laws will be enough, and much less than half; and they will be of a kind better suited to free men. For he has nothing to do with laws about shipowners and merchants and retailers and inn-keepers and tax collectors and mines and moneylending and compound interest and innumerable other things—bidding good-bye to these, he gives laws to husbandmen and shepherds and bee-keepers, and to the guardians and superintendents of their implements; and he has already legislated for greater matters, as for example, respecting marriage and ...
— Laws • Plato

... was in blissful ignorance of the reason therefor, the chronicler of this tale can serve no good purpose by concealing the true facts in the case. Immediately upon regaining consciousness, Herr August Carl von Staden had insisted upon returning Michael J. Murphy's kicks with compound interest. ...
— Cappy Ricks Retires • Peter B. Kyne


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