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Compound interest earns more than simple interest at the same interest rate because compounding pays interest on the interest earned. True False

Compound interest earns more than simple interest at the same interest rate because compounding pays interest on the interest earned. True False
asked 218k views
0 votes
Compound interest earns more than

simple interest at the same interest
rate because compounding pays
interest on the interest earned.
True
False

asked
User Kamela
by
7.3k points

2 Answers

6 votes

Answer:

True

Explanation:

answered
User Max Cruz
by
8.3k points
5 votes

Answer: True

Explanation:

answered
User TheComputerM
by
7.7k points
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