Match the following terms with their definitions.
-Interest
A)Year times number of times compounded in one year
B)Twice a year
C)Stated rate
D)True rate of interest
E)Amount calculated on adjusted principal
F)Periodically interest is calculated and added to principal
G)Rate divided by number of times compounded per year
H)Know future amount looking for present
I)Four times per year
J)Twelve times per year

Question

Quizplus · Accepted Answer

Interest is the amount calculated on the adjusted principal, which is the principal amount plus any previously accumulated interest.

Match the Following Terms with Their Definitions