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Earn +20 ptsQ: How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?
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How many times will interest be added to the principal in 1 year if the interest rate is compounded annually?
Once.
How many times interest be added to the principal in one year if the interest is compounded annually?
"Compounded annually" means that the interest is added once a year.
How much would 125 invested at 8 percent annual interest compounded continuously be worth after 16 years?
It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67
What is the concepts of compound interest?
The concept is that at the end of each time interval, the interest for that period is added to the principal. As a reult, the interest for any period is calculated not only on the principal but also the interest from previous periods.
How many times will interest be added to the principal in 1 year of the interest is compound semiannually?
2 apex:)))
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