Compound interest is the return on principal
A) only.
B) for one or more periods.
C) plus interest for two or more periods.
D) for one period.

Name: Compound interest is the return on principal A) only. B) for one or more periods. C) plus interest for two or more periods. D) for one period.
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Question

Quizplus · Accepted Answer

Compound interest includes interest on the principal and also on the accumulated interest from previous periods, applicable for two or more periods.

Compound Interest Is the Return on Principal