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the claim

Compound interest grows at an accelerating rate over time because interest is earned on prior interest.

the verdict
SUPPORTED
the evidence backs this
Recorded sources
4 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that compound interest grows at an accelerating rate over time because interest is earned on prior interest?

Yes. A reference article on compound interest states that a second year's interest is calculated on the new value rather than the original principal, which is the mechanism the claim describes. Other items define compound interest as unpaid interest added to principal or describe it as driving large growth, but do not themselves explain the accelerating mechanism.

Verdict: SUPPORTED · 4 sources for, 0 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence for · 4
Compound interest
Get citation
Compound interest. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Compound_interest

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More for · 3
Compound
Get citation
Compound. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Compound

The Magic of Compound Interest: A Powerful Concept
2025
Get citation
Bhabad, S. (2025). The Magic of Compound Interest: A Powerful Concept. zenodo.org. https://doi.org/10.5281/zenodo.15129291

Compound Interest Is As Easy As Pi. Teacher's Guide [and] Student Manual.
1979
Get citation
Charles, A. L. (1979). Compound Interest Is As Easy As Pi. Teacher's Guide [and] Student Manual.. eric.ed.gov. https://eric.ed.gov/?id=ED190436

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