Andrea deposits $500 in a bank for a fixed duration of two years. In the second year, she earns interest on the principal amount, which includes $500 and the interest earned in the first year. Here, Andrea has gained profit through which form of interest earning?
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Home » Business » Andrea deposits $500 in a bank for a fixed duration of two years. In the second year, she earns interest on the principal amount, which includes $500 and the interest earned in the first year.