Would he earn more money with simple interest or with compound interest

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asked Aug 27, 2021 193k views

1 Answer

Lepike · Answer 1 · 2021-09-02T04:13:35+0000

Answer:

The more often your interest compounds, the more interest you'll earn on your investment. It's easy to see that money grows more quickly when it's earning compound interest than when it's earning simple interest

Explanation:

Would he earn more money with simple interest or with compound interest

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