juliaduenkelsbu juliaduenkelsbu
  • 01-04-2019
  • Mathematics
contestada

The difference between simple and compound interest in a savings account is that ______________.

Respuesta :

absor201
absor201 absor201
  • 14-04-2019

Answer:

The difference is that the simple interest gives you interest only on the deposited amount in the account while the compound interest is calculated over the deposited amount and the previous interest amount added to the deposited amount.

Step-by-step explanation:

Answer Link

Otras preguntas

Parallelogram ABCD is below. m
Which of the following shows a graph of a tangent function in the form y = atan(bx − c) + d, such that b equals one half question markgraph of tangent function
Draw the graph of the inequality: y>4x+3 You can refer to Participation Activities 11 and 12 in the Reading and Participation section Graphing Linear Inequal
There are 10 number cards, numbered 1 - 10, what is the probability of randomly selecting an even number from the cards? Determine the likelihood of this event.
Jarrett Webster leased a sports car for $299.50 per month for60 months. He paid a deposit of $250.00, a title fee of $95.00,and a license fee of $220.00. What i
which equation describes the line with a slope of 2/3 that passes through the point
40. Circle A has a radius 4 inches. Is each statement about circle A true?
Given the kite ABCD, which statement is false?Just the answer.
Determine the graph of line with the given y-intercept and slope
If Mr. Ken used 1.8 moles of sodium in the chemical reaction how many grams of sodium would he have used