Connie0401 Connie0401

Today at 11:42 AM
Social Studies

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How does a compound interest rate differ from a simple interest rate?

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dominicbernardi dominicbernardi

Today at 11:47 AM

A compound interest rate doubles each time you pay or “compounds” with the previous amount and adds up more and more every time. whereas a simple interest rate stays the same for the entirety of the time interest is paid.

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