Compound interest is
A) calculated by multiplying the principal times the rate times the period of time.
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 includes interest on interest.

Compound Interest Is