Math, asked by jenil7133, 3 months ago

state true or false .
Compound interest is the interest calculated on the previous year’s amount.

Answers

Answered by ravneet7936

0

Answer:

The given statement is true. Compound interest means that the interest on previous year is liable to more interest.

Answered by brainlycom88

0

Answer:

yes

Step-by-step explanation:

yes,compound interest is the interest calculated on the previous years amount.

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