Ask Question
29 September, 11:53

Which answer illustrates "compound interest"

a - you open two savings account and put money in both

b - compound interest only occurs on the first 10% you have earned

c - you can interest only on the original amount you deposited in your account

d - you earn interest on the money in your savings account. Then you, in addition earn interest on interest

+3
Answers (1)
  1. 29 September, 14:08
    0
    The answer is letter d.

    When you say "compound interest" you would likely mean " earning an interest on the money you have saved and the interest you earn". Therefore, the sentence that best illustrates the meaning of compound interest is : you earn interest on the money in your savings account. Then you, in addition earn interest on interest
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which answer illustrates "compound interest" a - you open two savings account and put money in both b - compound interest only occurs on ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers