Compound interest is
A)calculated by multiplying the principal times the rate times the time period
B)interest on the original principal plus any past unpaid accrued interest to date
C)interest on the original principal paid or received
D)interest on any past unpaid interest accrued to date

Question

Quizplus · Accepted Answer

Compound interest is the interest on the original principal plus any past unpaid accrued interest to date, meaning it's calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Compound Interest Is