asked 205k views
1 vote
Which savings account will make you earn less money?

1 Answer

6 votes

Answer:

Simple Interest Account

Explanation:

It takes the money you have, and puts the interest in a separate account, but compound puts the interest in the same account which generates more money as a result.

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.