Chris371174idn
Answered

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How does compound interest differ from simple interest?
O A Compound interest is available only to businesses and not to individual consumers.
B. Compound interest is charged to somebody who borrows money using a credit card.
O C. Compound interest must be paid each month rather than all at once.
O D. Compound interest is charged on both previous interest and the original money owed.

Sagot :

Answer:the answer is D

Explanation:

it’s right

Marvineetesh3idn

Compound interest differ from simple interest because compound interest is charged on both previous interest and the original money owed.

What is the difference between the compound interest and simple interest?

Simple interest is computed on the amount of fixed principal. It is the interest that is charged by the owner of money. Whereas, the compound interest is the amount of interest that is charged on the principal amount with the amount of interest every year.

Compound interest is charged on both previous interest and the original money owed.

Therefore, option D is correct.

To learn more about the interest, refer to:

https://brainly.com/question/13324776

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