Compound Interest Is

question 38

Multiple Choice

Compound interest is:

• A)the payment of interest on the original deposit.
• B)the interest rate adjusted for the rate of inflation.
• C)the real rate of interest compounded by the rate of inflation.
• D)the payment of interest on both the original deposit and all accumulated interest.

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Definitions:

Social and Economic

Pertaining to the interactions between social behaviors, relationships, and the economic activities within a society.

Social Media

Social media are digital platforms that facilitate the creation and sharing of information, ideas, personal messages, and other content via virtual communities and networks.

Social Cause

A broad issue or movement that exists within society aimed at implementing change or achieving a specific outcome benefiting the public.

Rationale

The underlying reason or logic behind a decision, action, or belief.