How many times will interest be added to the principal in 1 year if the interest is compounded annually?

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asked Aug 9, 2019 7.3k views

2 Answers

Seth Feldkamp · Answer 1 · 2019-08-13T09:57:50+0000

Hello!
Annually means once a year so if it is compounded annually then it is compounded only once per year, meaning interest is added to principal only 1 time per year.

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How many times will interest be added to the principal in 1 year if the interest is compounded annually?

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