Multiple Choice
Tomas earned $89 in interest on his savings account last year and has decided to leave the $86 in his account this coming year so it will earn interest.This process of earning interest on prior interest earnings is called:
A) discounting.
B) compounding.
C) duplicating.
D) multiplying.
E) indexing.
Correct Answer:
Verified
Correct Answer:
Verified
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