TWhen the amount earned on a deposit has becomes part of the principal at the end of a specified time period and can earn a return in future periods the concept is called
A)discount interest.
B)compound interest.
C)primary interest.
D)future value.

Question

Quizplus · Accepted Answer

The concept described is compound interest, where the interest earned is added to the principal amount and can earn a return in future periods. Discount interest refers to discounting future cash flows to their present value, while primary interest and future value are not applicable in this context.

TWhen the Amount Earned on a Deposit Has Becomes Part