________ is simply the interest earned in subsequent periods on the interest earned in prior periods.
A)Quoted interest
B)Anticipated interest
C)Simple interest
D)Compound interest

Question

Quizplus · Accepted Answer

Compound interest is the interest earned on both the principal amount and any previously earned interest. It includes the interest earned in prior periods, making the growth of the investment exponential.

________ Is Simply the Interest Earned in Subsequent Periods on the Interest