Register

Compound interest is different from simple interest because you earn money on previous ​ A. checking account B. spending C. interest D. banking​

Compound interest is different from simple interest because you earn money on previous ​ A. checking account B. spending C. interest D. banking​
225k views
1 vote
Compound interest is different from simple interest because you earn money on previous ​ A. checking account B. spending C. interest D. banking​

User Ellone
by
7.9k points

1 Answer

5 votes
c. interest Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest
User Ward Werbrouck
by
7.3k 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

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!