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Compound interest will always be lower than simple interest. True False
99.8k views
6 votes
Compound interest will always be lower than simple interest.

True
False

User Valdis
by
7.8k points

2 Answers

11 votes

Answer:

false

Explanation:

just took test

User Mohammad Niknam
by
8.4k points
6 votes

Explanation:

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

User Albie
by
7.6k points
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