Which of the following statement is CORRECT regarding compound-00293
Which of the following statement is CORRECT regarding compound interest?
This multiple choice question (MCQ) is related to the book/course
vu acc501 Business Finance.
It can also be found in
vu acc501 Mid Term - Quiz No.6.
Which of the following statement is CORRECT regarding compound interest?
It is the most basic form of calculating interest.
It earns profit not only on principal but also on interest.
It is calculated by multiplying principal by rate multiplied by time.
It does not take into account the accumulated interest for calculation.
