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Which of the following terms best describes interest appliedto both the principal and to any previously earned interest?

Which of the following terms best describes interest appliedto both the principal-example-1

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To find:

Which of the following terms best describes interest applied to both the principal and to any previously earned interest?

Step-by-step explanation:

It is known that,tion

Hence, compound interest best describes the interest applied to both the principal and to any previously earned interest.

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