Compounding interest means interest accrues

a. more quickly than simple interest

b. at the same rate as simple interest

c. more slowly than simple interest

d. at variable rates throughout the term

Simple interest = Principal amount x Interest rate x Term of deposit ( in years )
Compound interest is calculated on the principal and accumulated interest.
In real life compound interest is a factor in business.

Compound interest means interest accrues A ) more quickly than the simple interest.