which of the following statement best illustrates a compound interest?
A. It is share in the ownership of a company.
B. It is the interest that is computed on the principal and on the accumulated past interest.
C. It is the interest that is computed on the principal and then added to it.
D. It is a sequence of payments done periodically and in equal amounts.
Answers & Comments
Answer:
D. It is a sequence of payments done periodically and in equal amounts.