Question

45 points! Yay An investment may earn interest using a simple interest rate or a compound interest rate. This expression can be used to find the value of an investment that is earning simple interest: P(1+rt) This expression can be used to find the value of an investment that is earning compound interest: P(1+r)t Use the drop-down menus to complete the statements about simple and compound interest. For an investment earning(simple interest,compound interest) , the interest is applied each year to the principal and to any interest that already accrued. For an investment earning(simple interest, compojnd interest) , the interest is applied each year only to the principal. Please help I'm literally the dumbest person i know •,-,•

Answer 1

:)

Explanation:

Answer 2

1. Compound Interest

2. Simple Interest

Explanation:

Simple Interest multiplies the interest rate on the principal rate by the number of days.

Compound Interest multiplies the interest rate on the principal rate and existing rate by periods.