Which of the following best describes how compound interest works? - ProProfs Discuss
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Which of the following best describes how compound interest works?



A. Interest is calculated only on previously earned interest
B. The compound interest rate increases as the term progresses
C. Interest is calculated only at the end of the term
D. The compound interest rate increases as the term progresses

This question is part of Business Math
Asked by Fbla, Last updated: Jun 01, 2020

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3 Answers

Gabe Stone

Gabe Stone

Answered Dec 05, 2017

D and A are the same. I'm assuming you meant to put "decreases" on D?

 

John Adney

Two of the are the same
 

John Smith

John Smith

Answered Oct 25, 2016

The compound interest rate increases as the term progresses
 

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