Question

How many times will interest be added to the principal in one year if the

interest is compounded annually?

Answer 1

2

Explanation:

a.p.e.x

Answer 2

Only 1 time

Explanation:

When it is compound interest it can be added in the following ways:

Annually = 1 Time in a year

Semiannually = 2 Times in a year

Quarterly = 4 Times in a year

Monthly = 12 Times in a year