Answer:
Compound interest earns interest on the principal plus any previous interest earned.
Step-by-step explanation:
compound interest gets its name because the interest keeps on 'compounding' which means earning interest on interest
Answer:
62
Step-by-step explanation:
50
+
12
_____
62
We have the sequence 2, 6, 10, 14, 18, ... Always 4 being added, so we can say:
The first term is 2. The added is 4, so,
a1 = 2

Prove:
