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3 years ago

How many times will interest be added to the principal in 1 year if the interest is compounded annually?

Mathematics

2 answers:

jeka57 [31]3 years ago

7 0

If it's compounded annually, it basically means the interest rate will apply once a year.

So the answer will be 1.

Naddika [18.5K]3 years ago

4 0

Answer:

Once.

Step-by-step explanation:

We are asked to find the number of times interest will be added to the principal in 1 year if the interest is compounded annually.

We know that compounding annually means that interest is added to the principal once in a year.

Therefore, the interest is added once to the principal in 1 year if the interest is compounded annually.

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