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Question Practice

What is the term for earning interest on both the initial amount and the accumulated interest?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
Banks and the Magic of Finance
Question Bank

What is the term for earning i...

Single Answer MCQ
Q-00131325

What is the term for earning interest on both the initial amount and the accumulated interest?

1

Simple interest

2

Mortgage

3

Loan repayment

4

Compound interest

Previous QuestionNext Question
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