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1 year ago

Which descriptions about simple interest and yearly compounded interest are true? Check all that apply.

Business

1 answer:

garik1379 [7]1 year ago

3 0

Descriptions about simple interest and yearly compounded interest are true are :

Only compound interest has an exponent in its formula.

Simple interest is only earned on the original principal investment.

Compound interest is earned on principal and interest.

<h3>What is simple interest and compound interest?</h3>

Simple interest is the one that the calculation is based on principal, or of a loan.

Compound interest is base on principal amount as well as the accumulated interest of previous periods.

Learn more about simple interest at:

brainly.com/question/20690803

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3 years ago

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Llana [10]

Answer:

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Explanation:

Given that,

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2 years ago

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Answer:

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Answer:

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Explanation:

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