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What is compound interest?

a) the interest earned on the principal of an investment
b) the interest earned on both the principal and interest of an investment or savings account
c) the interest earned on a mutual fund
d) the interest earned on a loan

Respuesta :

trentgray88

Answer:b

Explanation:google

aramaixellopez2122
DescriptionCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It is the result of reinvesting interest, rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

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