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Which answer illustrates “compound interest”

User Sprockets
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1 Answer

1 vote

Answer:

d- you earn interest on the money in your savings account. Then you, in addition earn interest on interest

Step-by-step explanation:

The compound interest means the interest i.e. earned on the money that saved by you and the interest you earned.

Therefore as per the given options, the last option is correct as it represents the interest earned in the saving account plus it earns interest on interest

Hence, all the other options are incorrect

User Dombi Soma
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