Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Compound interest means that interest is calculated on:.

Sagot :

Answer: initial principal

Explanation:

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.