Question

Questlon 4 of 10

How does compound interest differ from simple interest?
A. Compound interest is charged to somebody who borrows money
using a credit card.
B. Compound interest is available only to businesses and not to
individual consumers.
C. Compound interest must be paid each month rather than all at
once.
D. Compound interest is charged on both previous interest and the
original money owed.

Answer 1

Answer: D

Step-by-step explanation:

Answer 2

A.

Step-by-step explanation:

compound interest is the amount and interest that accumulates on it every period. (loan or a deposit would be compound interest) When people use credit cards they are using compound interest.