chloefields2005 chloefields2005
  • 10-12-2020
  • Computers and Technology
contestada

which answer illustrates “compound interest”

Respuesta :

andromache andromache
  • 15-12-2020

Answer:

d- you earn interest on the money in your savings account. Then you, in addition earn interest on interest

Explanation:

The compound interest means the interest i.e. earned on the money that saved by you and the interest you earned.

Therefore as per the given options, the last option is correct as it represents the interest earned in the saving account plus it earns interest on interest

Hence, all the other options are incorrect

Answer Link

Otras preguntas

What is the measure of the missing angle? A. 20° B. 50° C. 60° D. 40°
how do I find the inverse of y=log⬇1/4 x^5
3. Where would the following sentence best fit in the passage? Scientists have even created factories full of robots that make other robots. after sentence 11 a
Admission to a water park costs $29.95. if the student has raised $359.40 , How many people can go to the water park ?
what is the square root of 19
Explain why 4/10 and 40/100 have unlike denominators but are equivalent fractions.
Unlike the United States's Marshall plan, the Soviet Union's Council for Mutual Economic Assistance failed because... a) money was diverted to Japan b) the Sovi
Which process does not require a pictorial representation in its instructions?
What role did Myles Standish play in founding the Plymouth Colony? A) He organized and maintained defense for the Separatist Puritans. B) He served on the Counc
how to write 23.8 as a fraction