Mathematics, 28.12.2019 18:31 jadabecute3739

Which descriptions about simple interest and yearly compounded interest are true? check all that apply.
~only compound interest has an exponent in its formula.
~simple interest is earned on principal and interest.
~compound interest earns more money than simple interest at the same rate for the same amount of time.
~simple interest earns more money than compound interest at the same rate for the same amount of time.
~simple interest is only earned on the original principal investment.
~only compound interest earns the same interest amount every year.
~only simple interest uses time in its formula.
~compound interest is earned on principal and interest.

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Which descriptions about simple interest and yearly compounded interest are true? check all that ap...