Ask Question
Social StudiesSocial Studies
19 July, 23:13

Question 3

What is "compound interest"?

+3
Answers (2)
  1. 19 July, 23:22
    0
    An addition of interest of the principle of sum or loan
  2. 19 July, 23:37
    0
    Answer:Compound interest is the addition of interest to the principal sum of a loan or deposit

    Explanation: It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Question 3 What is "compound interest"? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is one way to calm your feelings before taking a test
Answers (2)
Since the 1800s, which human activity has changed land use and led to the growth of large cities in many countries? A. industrialization B. colonization C. pollution D. rural population growth
Answers (2)
Describe how your device follows the law of conservation energy?
Answers (1)
What was the social impact of the industrialization in Europe
Answers (1)
Ken has just passed his licensing examination. However, he has been notified the DRE will not issue a full-term license. Ken is behind on child support payments and therefore has not complied with a court order to provide these payments.
Answers (2)
New Questions in Social Studies
Difference between loan and stock exchange
Answers (1)
Infants about 6 to 9 months in age experience crying and fussing when their parents leave and they are left with the baby-sitter. this phenomenon is known as
Answers (1)
An organism must purposefully model a behavior in order for others to learn from it. True or false?
Answers (1)
Explain how Slavery influence the economy of southern colonies
Answers (1)
Survey, November (Voting) Supplement, 2000-2006. According to this chart, people in what age group were least likely to vote in the 2000 presidential election?
Answers (1)
Home » Social Studies » Question 3 What is "compound interest"?
Sign Up Forgot Password?