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If you had $500 to put into a savings account with 8% interest , how would you know which bank to choose, if you plan to withdraw everything after 10 years—one that pays simple interest or compound interest?
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If you had $500 to put into a savings account with 8% interest , how would you know which bank to choose, if you plan to withdraw everything after 10 years—one that pays simple interest or compound interest? Explain.

User Rye
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1 Answer

5 votes

Answer:

Compound interest because you earn more over time

Explanation:

User Swelet
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7.3k points
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