True or False. The higher the interest rate, the larger the balance will be after a determined amount of time (than with a lower interest rate).

Question

asked Sep 2, 2022 201k views

1 Answer

Pumphouse · Answer 1 · 2022-09-08T05:44:22+0000

Answer:

True

Explanation:

Principle = Interest * Time

So if time doesn't change, You'll get more money when Interest is higher!