Register

TRUE OR FALSE? Please help Compound interest includes interest only on the principle balance

TRUE OR FALSE? Please help Compound interest includes interest only on the principle balance
144k views
2 votes
TRUE OR FALSE? Please help
Compound interest includes interest only on the principle balance

User Kardave
by
7.9k points

1 Answer

6 votes
False!! Only simple interest is based on the principle balance:)
User TonyM
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!