1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis23 [38]
3 years ago
8

A friend asks you what sort of interest-simple or compound- is better. What would your answer be, and why?

Business
1 answer:
Bas_tet [7]3 years ago
3 0

Answer:

Compound interest is better than simple interest

Explanation:

Compound interest is better than simple interest especially when it comes to investing. Funds grow at a faster rate in compound interest than simple interest.

Simple interest is the interest on only the principal while compound interest is the interest on principal and on the previous accumulated interest (that is, interest on interest).

The formula for simple interest is:

P x r x t

Where P is the principal

r is the interest rate

t in the time.

For compound interest:

A=P(1+r/n)^nt.

A is the amount after compounding.

P is the principal.

r is the interest rate

n is the number of times interest compounds(adds up) per year

t is the number of years.

You might be interested in
A home improvement store has an assembled kids playset on display. There
Leno4ka [110]

Answer:

im Looking for this answer as well sorry I can’t be helpful

8 0
2 years ago
Read 2 more answers
When Coca Cola introduced Coke Zero,this was an example of a _____ strategy.
Paladinen [302]

Answer:

B) product line extension

Coke Zero is an example of Coca Cola expanding their line of products. They are adding in more options for consumers to buy.

7 0
3 years ago
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
Harlamova29_29 [7]

I believe the answer is:

High school athletes stop shopping there.


The inventory of sports socks goes unsold.

High school athletes tend to need the type of shoes that help in their mobility and tend to posses high level of endurance. These characteristics do not exist in Dress shoes. When high school athletes stop buying their shoes on the store, the number of stocks in the inventories tend to stay stagnant since it could not find customers.

6 0
3 years ago
Read 2 more answers
If you are holding a premium bond, you must expect a _______ each year until maturity. If you are holding a discount bond, you m
prisoha [69]

Answer:

i dont know lol hahhahahhah

Explanation:

5 0
2 years ago
Which coverage is not included in a typical renter’s insurance policy?
Vesnalui [34]
B additional living expenses because it’s additional
5 0
3 years ago
Other questions:
  • True or false: the price floor of $6 per pound of cheese reduces the total revenue of cheese producers.
    10·1 answer
  • A systematic process of assessing opportunities and resources, determining marketing objectives, and developing a marketing stra
    6·1 answer
  • A school at which you are likely to be accepted because you meet graduation requirements is called a:
    7·2 answers
  • Sandoval needs to determine its year-end inventory. The warehouse contains 26,000 units, of which 3,600 were damaged by flood an
    7·1 answer
  • ) You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If
    12·1 answer
  • An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $
    11·1 answer
  • NEED THIS SUPER FAST! ASAP!!!
    5·1 answer
  • Edison Corporation's variable manufacturing overhead rate is $5.00 per direct labor-hour. Total budgeted fixed overhead is $25,0
    10·1 answer
  • Hackers access your
    7·1 answer
  • According to the master syllabus, should you purchase outside textbooks for the courses?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!