Complete the statement with correct answers. is the interest that the bank pays you on the principal plus on the that you earned

Question

mestny [16]

2 years ago

6

Complete the statement with correct answers. is the interest that the bank pays you on the principal plus on the that you earned

the preceding year.

Business

2 answers:

Rzqust [24] · Answer 1 · 2023-09-06T21:03:57+03:00

Rzqust [24]2 years ago

8 0

Compound interest.

Simple interest is based only on the principal amount while compound interest is calculated on the principal plus accrued interest from the previous period (in this case, a year).

myrzilka [38] · Answer 2 · 2023-09-06T23:29:36+03:00

myrzilka [38]2 years ago

6 0

Answer:

its compound interest and interest

Explanation:

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