3 Questions
Which type of interest does not take into account the interest earned on previous interest?
Simple interest
Which type of interest takes into account the interest earned on previous interest?
Compound interest
Which type of interest is typically used for short-term loans or investments?
Simple interest
Test your knowledge on simple interest and compound interest with this quiz! Learn which type of interest does not consider the interest earned on previous interest and which type does. Discover which type of interest is commonly used for short-term loans or investments.
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