Compound interest is calculated using the:A.principal investment.B.principal deposit.C.principal plus simple interest.D.principal plus interest already earned.
Question
Solution 1
The correct answer is D. Compound interest is calculated using the principal plus interest already earned.
Here's a step-by-step explanation:
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The principal is the initial amount of money that you invest or loan.
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The interest is the money that you earn from the investment or owe on a loan.
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