CiriX150909 CiriX150909

29-10-2022
Mathematics

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Which of the following terms best describes interest appliedto both the principal and to any previously earned interest?

Which of the following terms best describes interest appliedto both the principal and to any previously earned interest class=

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RakhiM215107 RakhiM215107

29-10-2022

To find:

Which of the following terms best describes interest applied to both the principal and to any previously earned interest?

Explanation:

It is known that,tion

Hence, compound interest best describes the interest applied to both the principal and to any previously earned interest.

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