Interest Earned on Both the Initial Principal and the Interest

question 248

Multiple Choice

Interest earned on both the initial principal and the interest reinvested from prior periods is called ____________.

• A) Free interest.
• B) Annual interest.
• C) Simple interest.
• D) Interest on interest.
• E) Compound interest.

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Definitions:

Field Research

The collection of raw data and information from the natural environment where phenomena occur, as opposed to controlled environments like laboratories.

Nonhuman Primates

Mammals, excluding humans, that belong to the primate order; includes monkeys, apes, and lemurs.

Ethics

A branch of philosophy dealing with questions of morality and the principles governing right and wrong conduct.

Western Lowland Gorilla

A subspecies of gorilla that inhabits the lowland rainforests of central West Africa, known for its gentle nature.