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

Quizplus · Accepted Answer

Compound interest is calculated on the initial principal and also on the accumulated interest from previous periods, thus it applies for two or more periods.

Compound Interest Is the Return on Principal