The process of accumulating interest in an investment over time to earn more int
ID: 2591298 • Letter: T
Question
The process of accumulating interest in an investment over time to earn more interest is called: a) discounting. b) compounding. c) complexing. d) multiplying. e) indexing.What is the correct answer ? The process of accumulating interest in an investment over time to earn more interest is called: a) discounting. b) compounding. c) complexing. d) multiplying. e) indexing.
What is the correct answer ? The process of accumulating interest in an investment over time to earn more interest is called: a) discounting. b) compounding. c) complexing. d) multiplying. e) indexing.
What is the correct answer ? The process of accumulating interest in an investment over time to earn more interest is called: a) discounting. b) compounding. c) complexing. d) multiplying. e) indexing.
What is the correct answer ? a) discounting. b) compounding. c) complexing. d) multiplying. e) indexing. a) discounting. b) compounding. c) complexing. d) multiplying. e) indexing.
What is the correct answer ?
Explanation / Answer
Option b ) Compounding is the correct answer
Compound interest (or compounding interest) is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan
Option b ) Compounding is the correct answer
Compound interest (or compounding interest) is interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.