Pregunta 21 Compounding Interest rates: are the time intervals between when interest is added to the account. A Verdadero B Falso Guardado por última vez 16:54:52

## Step 1<br />The problem is asking us to determine the truthfulness of the statement: "Compounding Interest rates are the time intervals between when interest is added to the account."<br /><br />## Step 2<br />To solve this problem, we need to understand what compounding interest is. Compounding interest refers to the process where the interest earned on an investment is added to the principal amount, and future interest is calculated based on this new principal amount.<br /><br />## Step 3<br />The statement in the problem is incorrect because it confuses the concept of compounding interest with the concept of compounding periods. The compounding periods are the time intervals between when interest is added to the account, not the compounding interest rates.