2 years ago

Which type of interest is earned on both the principal plus any previous interest earned?

Mathematics

1 answer:

NemiM [27]2 years ago

6 0

Answer:

compound interest

Step-by-step explanation:

The interest charged on the principal for the entire loan term is known as Simple Interest. The interest computed on both principal and the previously earned interest is known as Compound Interest. Compound Interest gives a high return as compared to Simple Interest.

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Step-by-step explanation:

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