Question

which type of interest is recalculated during each period of the loans terms?
compound interest
fixed interest
simple interest

Explanation:

Compound interest is calculated on the initial principal and also on the accumulated interest from previous periods, meaning it is recalculated each period using the updated balance. Fixed interest uses a constant rate applied to the original principal, and simple interest is only calculated on the initial principal amount, so neither is recalculated per period.

Answer:

compound interest