M.13 Compound interest EHZ Baldwin

  1. M.13 Compound interestEHZ Baldwin deposited $1,011 in a savings account earning 2% interest, compounded annually. To the nearest
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    2. Danielle gallegos asked by Danielle gallegos
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  2. What is the difference between simple interest and compound interest?(1 point)Responses Compound interest is better for
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  3. What is the difference between simple interest and compound interest?a Compound interest is unpredictable, and does not allow
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  4. How does compound interest differ from simple interest?1. Compound interest occurs with periodic intervals of time, while simple
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  5. 1)An interest rate is a special type of?a. loan b. price c. bank d. service 2) How does a compound interest rate differ from a
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    2. Leah asked by Leah
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  6. 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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  7. 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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  8. How die a compound interest rate differ from a simple interest rate?Compound interest rates pay more interest over time Compound
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  9. What type of interest is based on the principal amount and accumulated interest? (1 point) Responsescompound interest compound
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  10. Compare simple interest at 3% and compound interest at 2% with interest being compounded monthly when $750 is invested for 1
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