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Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or with compound interest?

Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or with compound interest?
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5 votes
Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or with compound interest?

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User Kuklei
by
8.0k points

2 Answers

2 votes

Answer:

Compound interest.

Explanation:

answered
User Khorkrak
by
8.2k points
4 votes
He would earn more with compound interest
answered
User Jeremy Dunck
by
8.3k points
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