Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

True or False. The higher the interest rate, the larger the balance will be after a determined amount of time (than with a lower interest rate).

Sagot :

Answer:

True

Step-by-step explanation:

Principle = Interest * Time

So if time doesn't change, You'll get more money when Interest is higher!

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.