Register
I’m 2 to 4 sentences, describe why compound interest earns more money than simple interest.
89.2k views
3 votes
I’m 2 to 4 sentences, describe why compound interest earns more money than simple interest.

User Steve Eddins
by
8.0k points

1 Answer

4 votes
Simple interest: Earn interest only on the principal. (Linear increase)
Compound Interest: Earn money on principal and other accumulated interest. (Exponential increase)
User Leonid Shvechikov
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
Why  might  things far away  and  long  ago  be   important   to  us now.
What military strategy defeated Cornwallis at Yorktown?
Link Copied!