Would you prefer to earn simple or compound interest on your savings

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asked Oct 24, 2024 8.5k views

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Orakull · Answer 1 · 2024-10-28T20:45:10+0000

Answer:

it is generally advisable for individuals to prefer compound interest on their savings as it allows them to earn interest on both the principal amount and the accumulated interest, which can lead to a larger return on investment over time.

Would you prefer to earn simple or compound interest on your savings

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