A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

anonymous

  • 5 years ago

if compound interest always earn MORE money why would we think about simple interEst at all?

  • This Question is Closed
  1. anonymous
    • 5 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Is this a part of your homework or are you complaining? Either's okay... haha. :) My opinion: I think compound interest is harder to calculate than simple interest, and that's why I learned how to do simple interest first. Got me in the correct mindset as far as knowing what a principal, rate, and time are. Also, since the extra money generated from compound interest is so small, simple interest gives us a good idea of the amount of interest without a lengthy calculation.

  2. anonymous
    • 5 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    THANKSS

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.