Intermediate LevelinvestingSingle Choice

What is compound interest and why is it powerful for teens?

Answer Options:

A

Interest on principal and previous interest, time advantage

B

Simple interest calculated annually

C

Interest rate that changes with inflation

D

Only works for bank savings accounts

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Question Statistics

3
Times Attempted
100%
Success Rate
#90
Question ID

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This question is part of our comprehensive financial literacy quizzes designed for Indian teens.