Question

PLEASE HELP! HURRY!

The difference between simple and compound interest in a savings account is that
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You will always earn less than 10% interest with a simple interest savings
account

You will earn more interest with a simple interest in a savings account

You will always earn more than 10% interest with a compound savings account.

You will earn more interest with a compound interest savings account

Answer 1

You will earn more interest with a compound interest savings account

Step-by-step explanation:

The compound interest takes the initial capital or balance in the saving account and the previous interest generated to calculate new interests