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A $500 principal in a savings account paying an annual interest rate of 8% will earn $40 in interest at the end of the year. Interest for the next year will be applied to $540. A. Commission B. Sales tax
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A $500 principal in a savings account paying an annual interest rate of 8% will earn $40 in interest at the end of the year. Interest for the next year will be applied to $540. A. Commission B. Sales tax C. Compound interest D. Simple interest

User Diederik
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2 Answers

6 votes

Answer:

C compound Interest

Explanation:

User Onedaywhen
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C compound interest. YOU'RE WELCOME >:)))))))))))
User Ness
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