Question

When interest on interest is calculated it is called

Answer 1

Answer:

Interest-on-interest—also referred to as compound interest—is the interest earned when interest payments are reinvested. Compound interest is used in the context of bonds. Coupon payments from bonds are assumed to be reinvested at some interest rate and held until the bond is sold or matures.

Answer 2

Answer:

Compound interest

Explanation:

It would be compound interest