Register
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?
138k views
5 votes
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
by
6.2k points

1 Answer

5 votes

Answer:

Compound interest because you earn more over time

Explanation:

User Swelet
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.

5.7m questions

7.4m answers

Other Questions

Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Can someone help me with 5??? ASAP?
Solve for h 3h=7(2/7-3/7h)-10
1/7 + 3/14 equivalent fractions
Link Copied!