2.. It is when the interest due at the end of a certain period is added to the principal and that
sum earns interest for the next period.
a.compound interest
c. fixed interest
d. variable interest
b. Simple interest
sum earns interest for the next period.
a.compound interest
c. fixed interest
d. variable interest
b. Simple interest
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Answer:
simple interest
Step-by-step explanation:
Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. Compound interest accrues and is added to the accumulated interest of previous periods, so borrowers must pay interest on interest as well as principal
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