Based on simple interest, find

  1. What is the difference between simple interest and compound interest?a Compound interest is unpredictable, and does not allow
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  2. What type of interest is based on the original amount of money lent out, or the principal? (1 point) Responsessimple interest
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  3. What type of interest is based on the original amount of money lent out, or the principal?(1 point) Responses simple interest
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  4. What type of interest is based on the principal amount and accumulated interest? (1 point) Responsescompound interest compound
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  5. What type of interest is based on the principal amount and accumulated interest?(1 point) Responses compound interest compound
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  6. Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or
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  7. Between simple interest and compound interest, both at 3%, determine which interest earning type will result in a higher balance
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  8. Between simple interest and compound interest, both at 3%, determine which interest earning type will result in a higher balance
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  9. Between simple interest and compound interest, both at 3%, determine which interest earning type will result in a higher balance
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  10. Compounding interest means interest accrues _____.(1 point) Responses more slowly than simple interest more slowly than simple
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