_____ refers to the interest you earn not only on the money you directly invest but also on the interest you've earned in previous years.
A) Compound interest
B) Return on investment
C) Simple interest
D) Default interest

Question

Quizplus · Accepted Answer

Compound interest refers to the interest earned not only on the initial investment, but also on any interest earned in previous years. This creates a compounding effect and leads to faster growth of the investment over time.

_____ Refers to the Interest You Earn Not Only on the Money