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

Is this sentence racial prejudice, racial discrimination, racist ideology or institutional racism ? Asians are more prince to criminal activity than Europeans
if a + b + c =180 and cosa = cosb +cosc than prove that cotb *cotc=1/2​
Types of illness or diseases that are associated with your digestive system,
If x = 8 units, y = 16 units, and z = 7 units, then what is the surface area of the rectangular prism shown above
PLEASE HELP ASAP!!! I NEED CORRECT ANSWERS ONLY PLEASE!!! Find the tangent of ∠F. Write your answer as an integer or as a decimal rounded to the nearest hundred
Which description most clearly defines a personal essay?
(Y-1/4)-(y-4/5)=(y+4/10)-1
The rental company you have chosen charges a $70/day fee plus $0.20 for every mile you travel. Write a linear equation that expresses the total cost y, where x
what is the value of x
what is meaning of "Ego"?