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Cristiano invested $100 two years ago at 8 percent interest. The first year, he earned $8 interest on his $100 investment. He reinvested the $8.

Cristiano invested $100 two years ago at 8 percent interest. The first year, he earned $8 interest on his $100 investment. He reinvested the $8. The second year, he earned $8.64 interest on his $108 investment. The extra $0.64 he earned in interest the second year is referred to as: Multiple Choice interest on interest. simple interest bonus income O free interest. O present value interest

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