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How does the interest earned with simple interest compare to
How does the interest earned with simple interest compare to that earned with compound interest over time?(1 point)
Responses
1 answer
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What is the difference between simple interest and compound interest?
a Compound interest is unpredictable, and does not allow
1 answer
asked by
Eric23
246 views
a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original
1 answer
asked by
sherry
2,187 views
Compare simple interest at 3% and compound interest at 2% with interest being compounded monthly when $750 is invested for 1
1 answer
asked by
hello
225 views
Compare simple interest at 3% and compound interest at 2% with interest being compounded monthly when $750 is invested for 1
1 answer
348 views
For a given interest rate, simple interest varies jointly as the principal and time. If $3000 left in an account for 6 years
4 answers
asked by
Larry
3,793 views
For a given interest​ rate, simple interest varies jointly as the principal and time. If ​$2000 left in an account for 6
1 answer
asked by
leinani
1,577 views
Linda has $9000 to invest. She invested x dollars in an account that earned 3% simple interest and the remainder of the money in
1 answer
asked by
Q
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What is the term used to describe interest earned on interest gained?(1 point)
Responses Compound interest Compound interest
1 answer
10 views
Find the finance charge (interest) due on a 9-month loan of $2,400 at a simple interest rate of 10%.(Use the formula for simple
4 answers
asked by
Gregg
793 views