Interest that is paid on both the previously earned interest as well as the original amount deposited is known as which of the following?Simple interestAdjustable rate interestAnnuitiesCompound interest

Which type of interest is charged on both the original amount borrowed and the interest that has already accumulated?A.Simple interestB.Corporate interestC.Compound interestD.Bankruptcy interestSUBMITarrow_backPREVIOUS

Interest consists of the money paid by private businesses to the suppliers of loans used to purchase capital. Which of the following exemplify interest?Multiple select question.Monthly payments made on entrepreneurial abilitiesPayments on capital lossMoney received on savings depositsPayments on certificates of deposit and corporate bonds

Interest rate on deposits offered by a Bank is decided by_____

Which is greater, Compound Interest or Simple Interest?Select the correct answerSimple InterestCompound InterestBoth are equalNone of the above

Simple interest rate for a term deposit implies that A.interest are calculated with respect to the initial investment in the term depositB.the interest rate is variable.C.interest is calculated with respect to an amount that incorporates all previous interestsD.interest for a given compounding period is calculated with respect to the original amount invested in the term deposit plus the last interest paid.