If the time period for a loan is extended, what happens to the amount of compound interest?*Compound interest increasesCompound interest remains the sameCompound interest decreasesCompound interest becomes negative

What happens to the amount of compound interest when the interest rate increases?*Compound interest becomes negativeCompound interest decreasesCompound interest increasesCompound interest remains the same

What happens to the amount of compound interest when the principal amount increases?*Compound interest becomes negativeCompound interest increasesCompound interest decreasesCompound interest remains the same

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.

alculate the amount and compound interest on