Compound interest is the interest that is divided into different accounts.
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True answer is False.

Compound interest has nothing to with to which account it is credited.

There are two types of interest that can be received on an investment, that is Simple interest and compound interest.

In simple interest, a certain percentage out of the principal amount is calculated in each period. The principal amount stays the same and when the interest is calculated for.for . the next period, interest is not added to the principal.

Compound interest gets "compounded" or added to the principal each period and the new interest in calculated on the new amount (principal + interest added)

Hope this helps! !! Comment if you need to clarify more!

Explanation:

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