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Earn +20 ptsQ: According to Bentham the interest of the community is?
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Continue Learning about Other Math
Who developed hedonistic calculus?
Jeremy Bentham
The greatest good for the greatest number of people?
Jeremy Bentham
What is earning interest on interest called?
Compound interest
How is interest different from compound interest?
Simple interest is interest paid on the original principle only, Compound interest is the interest earned not only on the original principal, but also on all interests earned previously.
When the amount earned on a deposit has become part of the principal at the end of a specified time period the concept is called Answer discount interest compound interest primary interest?
If the interest is reinvested and so itself gains interest (in the next interest period) it is compound interest.
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