Question: An amount that is calculated by multiplying an interest rate by a principal amount that is increased each interest period by the previously accumulated interest

An amount that is calculated by multiplying an interest rate by

An amount that is calculated by multiplying an interest rate by a principal amount that is increased each interest period by the previously accumulated interest is known as O A. stated interest. O B. simple interest O C. interest OD. nominal interest rate. O E. compound interest

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