MatteBlack6284 MatteBlack6284

03-04-2024
Mathematics

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Which of the following best describes the concept of "compound interest?"

a. Compound interest is calculated on the original amount plus the interest earned.
b. Compound interest is calculated on the original amount only.
c. Compound interest is calculated on the initial deposit minus the interest added.
d. Compound interest is a set amount of money given to the investor each year.

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