Asked by Katy

How do you know if a word problem question is asking for simple interest or compound interest?
P.s. I already know the formula and what both of them mean
Answered by Steve
the problem will tell you which it is. Although, if it neglects to say the compounding period, it is most likely simple interest.
Answered by Katy
Is there any key words that I should remember for each of them
Answered by Steve
yeah - <b>compound</b> or <b>simple</b>!
Answered by Someone
Is there any other key words bc the teacher like to go hard and they never say compound or simple.
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