Which statement best compares simple and compound interest

(A) Simple interest increases each year by the same amount while compound interest remains the same each year
(B) Both simple and compound interest rates are guaranteed to stay the same each year
(C) Both simple and compound interest are calculated based on principal and earned interest but simple interest is lower
(D) Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Answers

Answer 1

Answer:

D. Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Explanation:

:)

Answer 2

The best comparison of simple and compound interest is simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned.

What is Interest?

Interest is the cost of borrowing money or the cost of lending money. It is most commonly expressed as an annual percentage of the loan amount.

The interest rate is calculated on the investment or loan. There are two methods for calculating interest. Simple interest (SI) and compound interest (CI) are the two methods (CI). Simple interest is the interest paid on a loan or investment. It's based on the principal amount. Simultaneously, Compound Interest is interest calculated on interest. It is based on the principal amount as well as the interest from the previous period.

Therefore, Option (d) is correct.

Learn more about Interest, here;

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Related Questions

The purchasing power of peoples' income is most affected by what?
a.The rate of inflation
b.The trade deficit
c.The balance of payments
d.The value of foreign currency

Answers

Answer:

a.The rate of inflation

Explanation:

Inflation means rise in the consumer price index i.e. the weighted average of prices belong to the different kinds of goods. It could be measured by taking the difference of CPI and dividing it by the previous year CPI

The rate of inflation would be most impacted to the purchasing power of people income

Therefore the option a is correct

3. Who was the first customer of mcdonald's and what was ordered?

Answers

Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right

Answers

Answer:

Right; Right

Explanation:

.

In what three ways does the government affect production of goods and services in the US economy?

Answers

Government activity affects the economy in four ways: The government produces goods and services, including roads and national defense. Less than half of federal spending is devoted to the production of goods and services

Subject: Accounting
Please answerr

On 1 May Sally owed William $400. On 21 May she purchased goods, list price $1440, subject to a trade discount of 25%. She returned one third of these goods on 24 May.How much did Sally owe William on 31 May? Include working.
A $630 B $720 C $1030 D$1120


Answers

Answer:

D) $1120

Explanation:

The goods Sally purchase were $1440, and with the 25% discount, she would have paid $1080, because 25% of $1440 is $360. Since she returned 1/3, she would have only spent $720, because $1080/3 is also $360. $720+$400 from the beginning would be $1120

Answer:

l believe the answer is a

The global stock market is often volatile. if your entire investment portfolio loss 10% of it's value in a month during a market decline, what would you do?
A. Sell all of your investment
B. Sell some
C. Keep all / Buy more​

Answers

Answer:

B sell some

Explanation:

in a scenario where it is dropping, it doesn't mean it won't come back up. So you would sell some but keep a few so if it went up you still make profit

Based on the provided information, what i would do in this case is that i will sell some of the investment.

According to the question, we are to discuss about selling if investment in a case global stock market is often volatile and my entire investment portfolio loss 10% of it's value in a month.

As a result of this i will sell some of the investment, then keep some because the global market can still rise.

Therefore, option B is correct because, global market can still rise.

Learn more about global stock market at;

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Select the correct answer from each drop-down menu.
Which action should Angela take before starting her business?
Angela plans to start a small business. She needs to invest some money for her company's start-up capital. She has asked her friends for
advice. Her friends have suggested that she should create a website for the business
before
Reset
Next

Answers

Answer:

The answer is before.

Explanation:

She should create a website before investing

No real question. But anyone know this answer, If your are a doctor, DO ANY of you know how to bring a frozen person back to life. I looked it up and it said a human that is frozen can be brought back to life, I just want to double-check

Answers

Answer:

prob melt them with fire but you gotta be careful because you can burn then if not i guess just use potions or something?

Explanation:

At the moment there is no way to bring back a frozen person to life. The reason for that is because we still don’t know how and we don’t have the right equipment to bring them back.


Question :Which statement best describes displacement? Check all that apply


Answer:2 , 3 5

Answers

Answer:

2

Explanation:

thats my guess

how many tines in earth does the sun intersect equartor​

Answers

Answer:

два

Explanation:

PLS HELP WILL GIVE BRAINLIEST!!!!

The right to own a business is referred to as the right ___.
of free enterprise
of private property
of competition
of freedom of choice
to earn a profit

Answers

Of free enterprise

Explanation:

Of free Enterprise

an economic system in which private business operates in competition and largely free of state control.

Language is the most complex challenge global marketers face.

True
False

Answers

Answer: False

Explanation:

If I decide to tax students for tissues, charging 25 cents per tissue, this wax would be considered "fair" based on which principle of fairness?

a. benefits-received principle
b. willingness-to-spend principle
c. cost-incurred principle
d. ability-to-pay principle

Answers

A ‘ososoln ski ski ski 473

You borrow $50 for 1 year at 5% interest rate. What is the interest owed?

Answers

Answer:

i think it would be 100 dollars

Explanation:

you mulitpy original by 5 which comes out to 100

what's an economy? how does it work?

Answers

What is an economy:

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

How does it work:

The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.

Hope this helps :)

In order to start a successful company, it is important to rely on other people to do all the work for you. True False​

Answers

Answer:

False!

It's best to have people to rely on, but also do the work yourself!

Answer:

Mama... False

Explanation:

False Joe mama

List 2 ways in which constellations are used.

Answers

In Ancient times, constellations were used to create and track the calendar so they knew when to plant crops and harvest them. Constellations were also used for navigation and to help sailors travel across oceans.

Answer:

1) To find Stars

2) To tell the date.

Explanation:

1) Constiltions can be used to find stars. For example if you are looking for a speific star, constilations could help you find them. Some of the most  recognized constilatitons are Orion, Ursa Major/minor , and Scorpius.

2) Of course now days, we have calenders to keep track of the days. But in the past, people would use the stars to help the figure out the day, especially in ancient times. Now we have so much technology, that using the stars to treack the days, arent necesary, but in ancient times, it helped people figure out when they could plat their crops.

A company holiday party is an example of a(n)
GER

Answers

Answer:

ispirational for your company party poll

Explanation:

started business with cash Rs 100000 and furniture Rs 50000​

Answers

Answer:

See below

Explanation:

Cash and furniture are assets. An increase in assets is debited. The amounts used to buy the in facilitating the transactions is the capital.

The journal entry will be as below,

Cash  A/c       Dr.  Rs 100,000

Furniture A/c   Dr.  Rs  50,000

Capital      A/c Cr.        Rs 150,000

Which of the following factors is unique to B2B buying and is not typically found in B2C buying?
Multiple Choice
- Decisions are usually made by individuals
- Most purchases are made at “list price” with cash or credit cards.
- There are a limited number of large buyers, often geographically concentrated in a specific area.
- Demand is based on consumer needs and preferences.
- Buyers engage in limited term or one-time-only relationships with many different sellers.

Answers

Answer:

There are limited number of large buyers, often geographically

Explanation:

Manual transmissions are being discussed. Technician A says that if it requires gear oil, to always use GL-5 rated oil to protect the synchronizers. Technician B says that if it requires engine oil that you should add a friction modifier to it. Who is correct? A. Technician A B. Technician B C. Both Technician A and B D. Neither Technician A or B

Answers

Answer:

The correct Technician is;

Technician B

Explanation:

API GL-5 gear oils does not meet transmission oil specifications as an API GL-5 oil can produce up to 400% the amount of copper observed when used oil is carried out than GL=4 gear pols, such that the synchronizers in transmission having synchromesh are made ineffective due to wear

Friction modifiers changes the amount of friction between transmission components and engine components.

When friction modifier are added to engine oil used in manual transmission,  it reduces the friction by modifying the friction coefficient of surfaces in contact and moving in relation to each other such that wear is reduced

Modern manual transmission engines require more protection than the manual transmission of older car engines which includes the presence of friction modifiers

Therefore, only Technician B is correct.

The particular market segment your company is trying to sell your products or services to is your?

Answers

Answer:

Target market

Explanation:

Target market refers to the potential or existing customers that a business intends to sell its products or services. The target group is the group of people that a firm focuses on when creating its advertising messages.

A business identifies its target group through market research. The firm surveys the market to identify groups of people who are highly likely to buy its products and services.

Answer:

D

Explanation:

got it right on Edge

Please help me, I suck at this class ToT

Control over what two areas of manufacturing are the basis for a growing economy and a condition for becoming a world power?

A. copyrights and patents
B. technology and equipment
C. imports and exports
D. wages and benefits

Answers

Answer:

a

Explanation:

Why research proposal often gets rejected?
Give me at least 5 reason why?

Answers

cheating sneaking trust grown enough men and women

Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.

Name:
Video #1
1. What is the job title?

2. Where do people with this career go to work?

3. What education do you need for this career?

4. Why did you choose this career?

Video #2

1. What is the job title?

2. Where do people with this career go to work?


3. What education do you need for this career?


4. Why did you choose this career?


Video #3
1. What is the job title?

2. Where do people with this career go to work?

3. What education do you need for this career?

4. Why did you choose this career?

Answers

Where are the links to the videos?
What’s the video? And do you need help with all questions?

am I correct? if not lmk the answer please​

Answers

A focus group is a common qualitative research technique used by companies for marketing purposes. It typically consists of a small number of participants, usually about six to 12, from within a company's target market. So yes your right
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