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A $500 principal in a savings account paying an annual interest rate of 8% will earn $40 in interest at the end of the year. Interest for the next year will be applied to $540. …

A $500 principal in a savings account paying an annual interest rate of 8% will earn $40 in interest at the end of the year. Interest for the next year will be applied to $540. …
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A $500 principal in a savings account paying an annual interest rate of 8% will earn $40 in interest at the end of the year. Interest for the next year will be applied to $540. A. Commission B. Sales tax C. Compound interest D. Simple interest

asked
User Diederik
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8.6k points

2 Answers

6 votes

Answer:

C compound Interest

Explanation:

answered
User Onedaywhen
by
8.8k points
1 vote
C compound interest. YOU'RE WELCOME >:)))))))))))
answered
User Ness
by
8.5k points
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