Answer:
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