Ask a New Question

What is simple interest

Mr. Simpson deposits his money in a savings account at the Springfield Bank. Would he earn more money with simple interest or
1. 5 answers
2. 205 views
Compounding interest means interest accrues _____.(1 point) Responses more slowly than simple interest more slowly than simple
1. 1 answer
2. asked by Katana Yama
3. 31 views
Compounding interest means interest accrues _____.(1 point) Responses more quickly than simple interest more quickly than simple
1. 1 answer
2. asked by Katana Yama
3. 36 views
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
3. 165 views
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 Mark
3. 172 views
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. 45 views
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
3. 192 views
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
1. 1 answer
2. asked by Chad
3. 1,383 views
What is the difference between simple interest and compound interest?a Compound interest is unpredictable, and does not allow
1. 1 answer
2. asked by Eric23
3. 284 views
How does compound interest differ from simple interest?1. Compound interest occurs with periodic intervals of time, while simple
1. 0 answers
2. asked by Dauton Matie
3. 1,121 views