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Earn +20 ptsQ: Is interest earned calculated by multiplying the principle times the opportunity cost?
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Type of interest is calculated by adding the interest earned to the principle?
Compound interest
If you have an account with an annual simple interest rate of 2.1 percent. You have a principle of 450.00 calculate your interest and your principle for two years?
18.90 as an interest. and principle wil remain same.
Which type of interest is calculated by adding the interest earnd to the principal?
compound
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
What type of interest is calculated by adding the interest earned to the principal during specific and agreed upon intervals?
Compound
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