Question

Compounding interest means interest accrues _____.



A. more quickly than simple interest


B. at the same rate as simple interest


C. more slowly than simple interest


D. at variable rates throughout the term

Answer 1

Simple interest = Principal amount x Interest rate x Term of deposit ( in years )
Compound interest is calculated on the principal and accumulated interest.
In real life compound interest is a factor in business.
Answer:
Compound interest means interest accrues A ) more quickly than the simple interest.

Answer 2

Answer:

The correct answer is

(D) At variable rates throughout the term

Good Luck

Explanation: