What is Compounding? A Beginner’s Guide to Understanding Compound Interest
Anita: You won’t believe this, Seema! My cousin invested ₹500 a month, and now, after 10 years, it’s worth almost ₹1.3 lakh! Seema: What? That’s insane! How did she do it? Anita: It’s the power of compounding. Her money kept growing because the returns earned on returns over time led to a compounding effect. Seema: … What is Compounding? A Beginner’s Guide to Understanding Compound Interest