Which of the following is a definition of compound interest?Group of answer choicesA percentage of money deposited divided by the time it remains deposited.Money earned after the first balance has been figured.Interest earned both on money you deposit and on money you have earned in interest.Interest earned only on money you deposit.

Which of the following statements best defines compound interest?Group of answer choicesInterest that grows with a variable rate of change that is earned only if you deposit money into an account every month.Interest that grows with a constant rate of change that is calculated both on money you deposit and on money you have earned in interest.Interest that grows with a variable rate of change that is calculated both on money you deposit and on money you have earned in interest.Interest that grows with a constant rate of change that is calculated only when you are in debt.Interest that grows with a variable rate of change that is earned only on money that you deposit.

Compound interest is calculated using the:A.principal investment.B.principal deposit.C.principal plus simple interest.D.principal plus interest already earned.

How does compound interest differ from simple interest?A.Compound interest is available only to businesses and not to individual consumers.B.Compound interest must be paid each month rather than all at once.C.Compound interest is charged to somebody who borrows money using a credit card.D.Compound interest is charged on both previous interest and the original money owed.

Which describes the difference between simple interest and compound interest?Group of answer choicesSimple interest is always a whole number. Compound interest has a decimal portion.Simple interest is calculated every period. Compound interest is calculated one time.A graph of simple interest will curve upward. A graph of compound interest will be a straight line.Simple interest is calculated on the original amount. Compound interest is calculated on the total of the original amount and any money earned in interest.

How is compound interest different from simple interest?A.Compound interest accrues daily, monthly, or quarterly rather than annually.B.Compound interest accrues only on the initial amount borrowed.C.Compound interest accrues on the interest, as well as the principal.D.Compound interest accrues on the down payment as well as the principal.SUBMITarrow_backPREVIOUS