An Amount That Is Calculated by Multiplying an Interest Rate

question 183

Multiple Choice

An amount that is calculated by multiplying an interest rate by a principal amount that is increased each interest period by the previously accumulated interest is known as

• A)interest.
• B)simple interest.
• C)compound interest.
• D)nominal interest rate.
• E)stated interest.

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Definitions:

Emotional Intelligence

The skill to recognize, govern, and articulate personal emotions, in addition to conducting oneself sensibly and with empathy in relationships with others.

Emotional Competencies

Skills in recognizing, understanding, and managing our own emotions and those of others, crucial for personal and professional relationships.

Succeed

To achieve a desired goal or end, often through effort or skill.

Strongest

Possessing the highest degree of physical strength, durability, or the ability to withstand pressure.