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

Question

anonymous · Answer

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.

anonymous · Answer

THANKSS