asked 204k views
1 vote
how often is simple interest used in the business and banking worlds? a. rarely, d. regularly, c. frequently, d. most...

asked
User Sidon
by
8.1k points

2 Answers

3 votes

Answer:

The answer is rarely

Step-by-step explanation:

According to the book the banks prefer to use compound interest that way, there's a fast turnaround on the interest

answered
User Shadygoneinsane
by
7.7k points
5 votes
I would say your answer is A.

Glad I could help, and good luck!

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