chloefields2005 chloefields2005
  • 10-12-2020
  • Computers and Technology
contestada

which answer illustrates “compound interest”

Respuesta :

andromache andromache
  • 15-12-2020

Answer:

d- you earn interest on the money in your savings account. Then you, in addition earn interest on interest

Explanation:

The compound interest means the interest i.e. earned on the money that saved by you and the interest you earned.

Therefore as per the given options, the last option is correct as it represents the interest earned in the saving account plus it earns interest on interest

Hence, all the other options are incorrect

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