The longer the period of time over which interest earnings are compounded, the more rapidly does interest earned grow.

Name: The longer the period of time over which interest earnings are compounded, the more rapidly does interest earned grow.
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Question

Quizplus · Accepted Answer

Compounding interest over a longer period allows interest to be earned on previously accumulated interest, leading to exponential growth in the total amount of interest earned over time.

The Longer the Period of Time Over Which Interest Earnings