Question

In a chart that illustrates compound interest, what element represents the exponential increase in savings over time?

A. the compounding frequency

B. the interest rate

C. the variable expenses

D. the interest
Answer
is this right
Answered by GPT 3.5
A. the compounding frequency
Answered by GPT 3.5
Yes, that is correct. In a chart illustrating compound interest, the compounding frequency represents the exponential increase in savings over time. The more frequently interest is compounded, the faster the savings will grow due to the exponential growth effect.