QuestionJuly 18, 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

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

Solution
4.5(306 votes)

Answer

The interest you earn on interest Explanation 1. Define Compound Interest Compound interest is the interest calculated on the initial principal, which also includes all accumulated interest from previous periods. 2. Identify Correct Option The correct definition of compound interest is "The interest you earn on interest."

Explanation

1. Define Compound Interest<br /> Compound interest is the interest calculated on the initial principal, which also includes all accumulated interest from previous periods.<br /><br />2. Identify Correct Option<br /> The correct definition of compound interest is "The interest you earn on interest."
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