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__________ interest is paid on the amount of the original deposit plus any interest the account has earned

__________ interest is paid on the amount of the original deposit plus any interest the account has earned
asked 2.7k views
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__________ interest is paid on the amount of the original deposit plus any interest the account has earned

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User John Chrysostom
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2 Answers

5 votes

Answer: Compound

Step-by-step explanation:

answered
User Salyela
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8.2k points
4 votes
The answer would be : compound interest
in calculated after the initial principal and also on accumulated interest of previous period of deposit, which will make the deposit grow faster compared to the one that used simple interest rate
answered
User Informaton
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