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Mathematics 16 Online
OpenStudy (anonymous):

Correct my statement ! Describe, using complete sentences, the similarities and differences between calculating the balance of an account earning simple interest and the balance of an account earning compound interest.

OpenStudy (anonymous):

The difference between a checking and earning a simple interest is that the rate doesn't get divide but the principle get's added again. In a account earning a compound interest is that the rate is compounded meaning it gets the divide by how many time like monthly example it get divided by 12 .

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