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Compound interest is usually better than simple interest because it pays

A: interest on the principal and the interest earned in each period.
B: interest on the entire principal rather than the interest in each period.
C: more, as it is matched by an employer’s 401k contribution.
D: more often throughout the year rather than once a year.

Respuesta :

Compound interest pays interest on the principal and the interest earned in each period.

Option A. is correct.

Define Compound interest.

Compound interest is a type of interest that pays interest on both the principal or the interest earned over time.

Because compound interest is paid on both the principal or the interest gained in each period, it is frequently preferable to simple interest.

So, option A. is correct.

Find out more information about compound interest here:

https://brainly.com/question/14295570?referrer=searchResults

gauravsingh23VT

Interest on the principal and the interest earned in each period is the reason of Compound interest is usually better than simple interest. Hence, option A is correct.

What is simple interest?

Simple interest is the simple way of calculating of the interest of the loan or anything. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.

The formula of simple interest is SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period.

Thus, option A is correct.

For more details about Simple interest, click here:

https://brainly.com/question/25845758

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