Why does compound interest earn a bigger return than simple interest?
A. Simple interested is subtracted from compound interest.
B. Compound interest earns interest on the original deposit plus any
interest already earned.
C. Compound interest is at a higher interest rate than simple interest.
D. Simple interest is more basic than compound interest.
SUBMIT?

Question

02-02-2022
Business

Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Join our platform to connect with experts ready to provide precise answers to your questions in various areas. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Why does compound interest earn a bigger return than simple interest?
A. Simple interested is subtracted from compound interest.
B. Compound interest earns interest on the original deposit plus any
interest already earned.
C. Compound interest is at a higher interest rate than simple interest.
D. Simple interest is more basic than compound interest.
SUBMIT?

Sagot :

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.

From the Master Words, choose the appropriate word for the blank in each of the following sentences. Write the word in the space provided at the right.

Write a quadratic equation in the form z²+bx+c=0 that has the following roots: Roots: 1± √15

jan smith, the marketing manager of big wheel autos, has noticed that in many european countries more of the population is moving into urban centers. this has r

read the chemical equation. mg hcl → mgcl2 h2 how many liters of hydrogen gas is produced at 298 k and 0.990 atm if 6.00 moles of hydrochloric acid react with a

(2x² + 4x³) + (-4x² + 6x³ - 2)

fernblatt incorporated recognizes revenue in the period in which it records an asset for the related account receivable, rather than in the period in which the

what is the general meaning of each of the three sentences about annette? do the words "surprised," "amazed," and "astonished" have approximately the same denot

The winner of a 50 mile race drove his car to victory at a rate of 112.9094 mph. What was his time (to the nearest thousandth of an hour)? His time was hours. (

Vicky has 12 clear crystals in her collection. She has c more colored than clear ones. Write an expression that shows the number of colored crystals VIcky has i

based upon what you have been taught about native americans, if you were to give me a population estimate of the number of na-tives in the americas (north and s

ewomazinoade ewomazinoade · Answer 1 · 2022-03-28T06:00:11-04:00

Compound interest earn a bigger return than simple interest because compound interest earns interest on the original deposit plus any interest already earned.

What is compound interest and compound interest?

Simple interest rate is the interest that is paid only on the amount invested. This differs from compound interest where both the amount invested and the interest already accrued earn an interest.

To learn more about compound interest, please check: https://brainly.com/question/26367706

Sagot :

What is compound interest and compound interest?

Other Questions