Compound Interest Differs from Simple Interest Because Compound Interest Is

question 14

Multiple Choice

Compound interest differs from simple interest because compound interest is interest paid on

• A) the original deposit only,whereas simple interest is interest paid only on the original deposit but not on all previously accumulated interest.
• B) all previously accumulated interest,whereas simple interest is interest paid not only on the original deposit but on all previously accumulated interest.
• C) the original deposit only,whereas simple interest is interest paid only on all previously accumulated interest.
• D) the original deposit and on all previously accumulated interest,whereas simple interest is interest paid on all previously accumulated interest.
• E) the original deposit and on all previously accumulated interest,whereas simple interest is interest paid on the original deposit only.

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