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HELP MEEEEEE! Which type of account would you suggest Tyler deposit his money into: the account with simple interest or compound interest? Justify your reasoning.
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HELP MEEEEEE!

Which type of account would you suggest Tyler deposit his money into: the account with simple interest or compound interest? Justify your reasoning.

User Landak
by
4.3k points

2 Answers

4 votes

Answer:

compound interest

Explanation:

Hope it helps.

User Squidbe
by
4.3k points
4 votes

Answer:

Tyler should be suggested to deposit his money in Compound interest because it compound the interest for all the Successive years which give more interest then Simple interest

User Asmat Ullah
by
4.1k points
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