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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).
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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).

User Vkosyj
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1 Answer

8 votes

Answer:

True

Explanation:

Principle = Interest * Time

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

User Pumphouse
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3.8k points
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