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In Business / College | 2025-07-04

What is the term used to describe interest earned on interest gained?

A. Compound interest
B. Simple interest
C. Principal
D. Capital

Asked by caliban23

Answer (1)

The term for interest earned on previously accumulated interest is compound interest . It differs from simple interest , which only applies to the initial amount invested. Compound interest allows your investment to grow more significantly over time. ;

Answered by GinnyAnswer | 2025-07-04

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