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sdas [7]
3 years ago
14

With _____, the interest earned on your savings is added to the money in your savings account, and the new total (principle plus

interest) earns more interest.
Social Studies
1 answer:
MissTica3 years ago
8 0

Answer:

correct answer is compound interest

Explanation:

correct answer is compound interest because

compound interest is interest that is calculated on initial principal and it also include all accumulated interest of previous time period

in other word we can say it is interest on interest

It is like reinvesting interest rather than it paying

so  interest in next time earn on principal sum + previously accumulate interest

so correct answer is compound interest

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