Respuesta :
The compound periods and Interest rates for compound interest have been explained below.
How to define compound interest terms?
1) Compound Periods (n); If we want to calculate the compound interest, the number of compounding periods makes a significant difference due to the fact that the higher the number of compounding periods, the greater the amount of compound interest.
2) Interest rate per compounding periods (I); This affects the interest rate compounded annually due to the fact that the interest rate will be compounded once a year.
Complete question is;
In your own words and using visuals, explain the following. Regarding compound interest, how does the number of times interest is compounded per year affect the:
a) number of compounding periods (n)
b) interest rate per compounding period (i)
Read more about compound interest at; https://brainly.com/question/24924853
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