Jamie Earned $14 in Interest on Her Savings Account Last

question 13

Multiple Choice

Jamie earned $14 in interest on her savings account last year.She has decided to leave the $14 in her account so that she can earn interest on the $14 this year.The interest earned on last year's interest earnings is called:

• A)simple interest.
• B)complex interest.
• C)accrued interest.
• D)interest on interest.
• E)discounted interest.

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