Compound interest will always be lower than simple interest. True False

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asked Jun 16, 2023 99.8k views

6 votes

Compound interest will always be lower than simple interest.

True
False

Mathematics
high-school

Valdis asked

by Valdis

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2 Answers

11 votes

Answer:

false

Explanation:

just took test

Mohammad Niknam answered Jun 19, 2023

by Mohammad Niknam

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6 votes

Explanation:

True (assuming that the time is long enough to have interest calculated upon interest -- more than one period of time).

Albie answered Jun 22, 2023

by Albie

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