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Lesson 7: Simple Interest CE

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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Compounding interest means interest accrues _____.(1 point) Responses more quickly than simple interest more quickly than simple
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2. asked by Katana Yama
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Compounding interest means interest accrues _____.(1 point) Responses more slowly than simple interest more slowly than simple
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2. asked by Katana Yama
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The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
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2. asked by Mark
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The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
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2. asked by John
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The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
1. 1 answer
2. asked by John
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The formula used to calculate simple interest is modeled by I=prt, where I=simple interest, p=principle, r=interest rate, and
1. 1 answer
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Deborah deposits $200 into an account that pays simple interest at the rate of 7%. How much will she have at the end of 4
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2. asked by Chad
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How does compound interest differ from simple interest?1. Compound interest occurs with periodic intervals of time, while simple
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2. asked by Dauton Matie
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What is the difference between simple interest and compound interest?a Compound interest is unpredictable, and does not allow
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2. asked by Eric23
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