QuestionJune 6, 2025

The interest earned on both the initial principal and the interest reinvested from prior periods is called:

The interest earned on both the initial principal and the interest reinvested from prior periods is called:
The interest earned on both the initial principal and the interest reinvested from prior periods is called:

Solution
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Answer

Compound Interest Explanation 1. Identify the type of interest The interest earned on both the initial principal and the interest reinvested from prior periods is known as compound interest.

Explanation

1. Identify the type of interest<br /> The interest earned on both the initial principal and the interest reinvested from prior periods is known as compound interest.
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