| A | B |
|---|
| Amount | The balance in your account at the end of an interest period. |
| Compound Interest | Interest earned not only on the original principal but also on the interest earned during previous interest periods. |
| Interest Formula | Principal x Rate x Time |
| Simple Interest | Interest paid on the original principal. |
| Annual Interest Rate | The percent of the principal that you earn as interest based on one year. |
| Interest Rate | The percent of interest you earn on your savings. |
| Principal | The amount of money earning interest. |
| Compound Interest Table | Shows the amount of $1.00 for many interest rates and interest periods. |
| Interest | The percent of interest you earn on your savings. |
| Daily Compounding | Interest that is compounded daily, computed each day and added to the account balance. |
