Question

The simple interest will not always be less than the compound interest on a set of money borrowed.

Answer 1

Answer:

False

Step-by-step explanation:

Simple interest is the percentage rate that a borrower pays to borrow money for a set period of time, whereas compound interest is calculated on top of what has already been borrowed, which means that as time passes, more and more interest charges accumulate until repayment begins. e. when a borrower pays interest on the principal plus interest charges that have accrued.