kaylamariejones kaylamariejones

05-12-2016
Business

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In 1 or 2 sentences, describe why compound interest earns more money than simple interest.

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OQCardillo OQCardillo

29-07-2017

Simple interest is set in place by an interest rate that is multiplied by the total amount of money you have in place. While compound interest is essentially interest on top of your simple interest. It accumulates over time making you more money.

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