2021. Which of the following statement is CORRECT regarding compound interest?
✅ B. It earns profit not only on principal but also on interest.
Option A : It is the most basic form of calculating interest. Option B : It earns profit not only on principal but also on interest. Option C : It is calculated by multiplying principal by rate multiplied by tim Option D : It does not take into account the accumulated interest for calculation. Option E : Correct Answer :… Read more