Ask Question
21 September, 22:06

In 1 or 2 sentences, describe why compound interest earns more money than simple interest.

+5
Answers (1)
  1. 21 September, 22:20
    0
    Simple interest is set in place by an interest rate that is multiplied by the total amount of money you have in place. While compound interest is essentially interest on top of your simple interest. It accumulates over time making you more money.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In 1 or 2 sentences, describe why compound interest earns more money than simple interest. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers