Multiple Choice
Jamie earned $14 in interest on her savings account last year.She has decided to leave the $14 in her account so that she can earn interest on the $14 this year.The interest earned on last year’s interest earnings is called:
A) simple interest.
B) complex interest.
C) accrued interest.
D) interest on interest.
E) discounted interest.
Correct Answer:
Verified
Correct Answer:
Verified
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