Which of the following is not a component of the compound interest formula?*Principal amountInterest rateTime periodCompounding frequency

what is the compound interest formula?

When does compound interest occur?*When interest is calculated only on the initial principalWhen interest is calculated using complex mathematical formulasWhen interest is calculated on both principal and interest, with interest being added to the principal amountWhen interest is compounded annually

compound interest.

If the principal amount is $700, the interest rate is 9%, and the compound interest is $141.36, what is the time period when compounded annually?*1 year2 years3 years4 years

Which is greater, Compound Interest or Simple Interest?Select the correct answerSimple InterestCompound InterestBoth are equalNone of the above