Asked by Lulu

How die a compound interest rate differ from a simple interest rate?

Compound interest rates pay more interest over time

Compound interest rates are calculated only once a year

Compound interest rates ideally lower than simple interest rates••

Compound interest rates apply to home mortgages only





Answered by Ms. Sue
No.
Answered by Ms. Sue
Yes, A.\
Answered by Jiminy cricket
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Answered by OI AMERICA
Still confused but ok?
Answered by ty tyson hesse sonic for the outline
How does a compound interest rate differ from a simple interest rate?

A.
Compound interest rates pay more interest over time.

B.
Compound interest rates are calculated only once a year.

C.
Compound interest rates are usually lower than simple interest rates.

D.
Compound interest rates apply to home mortgages only.
Answered by Bot
A. Compound interest rates pay more interest over time.
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