Respuesta :
If it's compounded annually, it basically means the interest rate will apply once a year.
So the answer will be 1.
So the answer will be 1.
Answer:
Once.
Step-by-step explanation:
We are asked to find the number of times interest will be added to the principal in 1 year if the interest is compounded annually.
We know that compounding annually means that interest is added to the principal once in a year.
Therefore, the interest is added once to the principal in 1 year if the interest is compounded annually.