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What is the process of earning interest on interest that you’ve already earned?

Interesting

Compounding

Accumulating

Saving

User Olha Horak
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2 Answers

6 votes
The answer is

B Compounding

Good luck!
User Chammp
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4 votes

Answer:

B: Compounding

Step-by-step explanation:

Compound interest on monetary assets is the interest that is added to the initial capital and on which new interest is generated.

The interest generated is added period by period to the initial capital and to the interest already generated previously. In this way, value is created not only on the initial capital but also on the product resulting from the interest previously produced, that is, the interest obtained is accumulated to generate more interest.

User Renan Grativol
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