Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Interest earned on the reinvestment of previous principal only is called _____________. a. Interest on interest. b. Annual interest. c. Simple interest. d. Free interest.
Interest earned on the reinvestment of previous principal only is called _____________.
a. Interest on interest.
b. Annual interest.
c. Simple interest.
d. Free interest.
e. Compound interest.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started