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compound interest earned in an

$1,000 is invested at 8% interest compound annually $80 and interest is earned in the first year knowing the compound interest
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How does the interest earned with simple interest compare to that earned with compound interest over time?(1 point)Responses
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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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Which of the following describes compound interest?) Interest earned on both principal and previous interest B) Interest earned
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$1000 is invested at 8% interest compounded annually. $80 in interest is earned in the first year. Knowing that compound
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Question$1000 is invested at 8% interest compounded annually. $80 in interest is earned in the first year. Knowing that compound
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2. asked by What is most necessary for a coherent text to do?(
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$1000 is invested at 8% interest compounded annually. $80 in interest is earned in the first year. Knowing that compound
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What would be the difference at the end of one year between the simple interest earned on a deposit of $450 at 4.5% and the
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What is the term used to describe interest earned on interest gained?(1 point)Responses Compound interest Compound interest
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Calculate the interest earned on N$2 000 invested for 3 years ata rate of 8% p.a. compound interest
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