Answered

Compounding interest means interest accrues _____.



Amore quickly than simple interest


Bat the same rate as simple interest


Cmore slowly than simple interest


Dat variable rates throughout the term

Verified Answer :

HomertheGenius

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:

The correct answer is

(D) At variable rates throughout the term

Good Luck

Explanation:

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