Register
Which type of interest is going to give you more money long term? 1. Compound Interest 2. Fixed Interest 3. Simple Interest 4. Real Interest
233k views
10 votes
Which type of interest is going to give you more money long term?

1. Compound Interest
2. Fixed Interest
3. Simple Interest
4. Real Interest

User Mostlytech
by
5.1k points

1 Answer

6 votes
I think it’s compound interest
User Eunsook
by
5.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.4m questions

7.0m answers

Other Questions

Solve x2 + 6x – 9 = 7 by completing the square. SHOW ALL WORK (the answer is x=2,-8 but i need the work)
What is 3,897.003 in expanded form
The stem-and-leaf plot shows the number of people who used each run of the Red Line train. What is the range of the data? https://clackamasweb.owschools.com/media/g_mat08_ccss_2016/9/img_graph_stemandleaf.
If output per worker is now nearly $120,000 per year, how much will the average worker produce 5 years from now if productivity improves by (use the compounding formula below to answer the question): fv1
Anyone know how to solve this?? Number 5!!
Link Copied!