Question

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Answer 1

Please check explanations for answer

Explanation:

Here, we want to check the given list and state the true values;

1. This is true

Compound interest has the exponent nt; simple interest has no exponent

2. This is false

Simple interest is only earned on the principal which is the amount deposited

3. True

Due to its multiplication chain, it earns more money as we can compound more than once within the given time frame

4. This is false; check explanations above

5. This is true

Its value is only based on the amount invested originally

6. This is false

simple interest earns the same amount annually based on rate

7. This is false

Both considers the time factor t in their formulas

8. This is true

The interest and principal forms the principal for another compounding time