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Compound interest is calculated using the:
A. Principal deposit.
B. Principal investment.
C. Principal plus interest already earned.
D. Principal plus simple interest.

Respuesta :

Compound interest is calculated using the principal plus interest already earned.

What is compound interest?

Compound interest where interest is earned on the amount that is deposited and the interest already earned.

The formula used to determine compound interest is;

FV = P(1 + r)^t

Where:

  • FV = future value
  • P = amount invested
  • r = interest rate
  • t = time

To learn more about compound interest, please check: https://brainly.com/question/26367706

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