QuestionAugust 9, 2025

What is compound interest? Part ownership of a company The interest you earn on interest An interesting scientific compound The interest you make on your principal investment

What is compound interest? Part ownership of a company The interest you earn on interest An interesting scientific compound The interest you make on your principal investment
What is compound interest?
Part ownership of a company
The interest you earn on interest
An interesting scientific compound
The interest you make on your principal investment

Solution
4.5(317 votes)

Answer

The interest you earn on interest Explanation 1. Identify the definition of compound interest Compound interest is the interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods.

Explanation

1. Identify the definition of compound interest<br /> Compound interest is the interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods.
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