I’m 2 to 4 sentences, describe why compound interest earns more money than simple interest.

Question

asked Mar 4, 2019 89.3k views

1 Answer

Leonid Shvechikov · Answer 1 · 2019-03-10T17:19:00+0000

Simple interest: Earn interest only on the principal. (Linear increase)
Compound Interest: Earn money on principal and other accumulated interest. (Exponential increase)

I’m 2 to 4 sentences, describe why compound interest earns more money than simple interest.

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions