Leonard2006 Leonard2006

19-09-2018
Social Studies

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

A. Compound interest pay more interest over time

B. Compound interest rates are calculated only once a year

C. Compound interest rates are usually lower than simple interest rate

D. Compound interest rates apply to home mortgages only

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hannahmarie542 hannahmarie542

19-09-2018

C. Compound interest rates are usually lower than simple interest rate

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