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How many times will interest be added to the principal in 1 year if the interest is compounded annually?
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How many times will interest be added to the principal in 1 year if the interest is compounded annually?

User Aps
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5 votes

Answer:

1 time

Step-by-step explanation: Apex

User Simplyblue
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Hello!
Annually means once a year so if it is compounded annually then it is compounded only once per year, meaning interest is added to principal only 1 time per year.

Hope this helps! Any questions please just ask!! Thank you so much!!
User Seth Feldkamp
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