Mathematics, 15.02.2021 02:00 tonydeanfbg8706
Which statement is true about compound interest?
The interest is figured on the principal only.
The amount in the account grows slower than with simple interest of the same rate.
The interest can be compounded over different time intervals.
The interest in most banks is not calculated using compound interest.
Answers: 3
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Which statement is true about compound interest?
The interest is figured on the principal only.
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