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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 :

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

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