Compound Interest Is

question 28

Multiple Choice

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

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Definitions:

Drafting

The process of creating a preliminary version of a document or plan.

Brainstorms

A group or individual creativity technique designed to generate a large number of ideas for the solution to a problem.

Jot-dots

A technique for making brief, bullet-pointed notes to capture key information succinctly.

Freewriting

Freewriting is a prewriting technique in which a person writes continuously for a set period of time without regard to spelling, grammar, or topic, to generate ideas and overcome blocks.