Answered

IDNLearn.com provides a user-friendly platform for finding and sharing accurate answers. Discover reliable and timely information on any topic from our network of knowledgeable professionals.

4. Which will usually always be a higher amount?

A. Time
B. Debit
C. Simple interest
D. Compound interest

Sagot :

GinnyAnsweridn

Final answer:

Compound interest generally yields a higher amount compared to simple interest due to its compounding nature.


Explanation:

Compound interest usually results in a higher amount compared to simple interest over time.

Compound interest is calculated on the principal amount plus the accumulated interest, leading to exponential growth.

For example, if [tex]$100 gains $[/tex]15.76 compound interest in three years, it would only gain $15 with simple interest, showcasing the impact of compounding.


Learn more about Compound interest vs. Simple interest here:

https://brainly.com/question/37152955


We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Discover the answers you need at IDNLearn.com. Thanks for visiting, and come back soon for more valuable insights.