1. initial
2. compound
(2 ponts)
(Blank) interest is a basic percentage charged on the principal or the initial amount of the loan (blank)interest is interest that is paid on both
the principal and the previous interest of the loan so your interest is reinvested leading to higher interest in the future that grows faster
Options for #1 basic, simple, initial
Options for #2 complicated, compound, secondary
1 answer
1 answer