Which statement best compares simple and compound interest

(A) Simple interest increases each year by the same amount while compound interest remains the same each year
(B) Both simple and compound interest rates are guaranteed to stay the same each year
(C) Both simple and compound interest are calculated based on principal and earned interest but simple interest is lower
(D) Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Answer:

D. Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Explanation:

:)

The best comparison of simple and compound interest is simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned.

Interest is the cost of borrowing money or the cost of lending money. It is most commonly expressed as an annual percentage of the loan amount.

The interest rate is calculated on the investment or loan. There are two methods for calculating interest. Simple interest (SI) and compound interest (CI) are the two methods (CI). Simple interest is the interest paid on a loan or investment. It's based on the principal amount. Simultaneously, Compound Interest is interest calculated on interest. It is based on the principal amount as well as the interest from the previous period.

Therefore, Option (d) is correct.

Learn more about Interest, here;

https://brainly.com/question/29480777

#SPJ2

Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.

In addition to working on construction sites, where else might a sheet metal worker typically be employed?

community college
office
farm
factory

What will you need to find for your life when you begin working?

Money

Balance

Time

Energy

Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,

To address a rise in the unemployment rate, a government may:
A. invest in programs that help people in need.
B. reduce the amount of money in circulation.
C. raise interest rates to allow businesses to borrow less money.
D. lower interest rates to allow businesses to borrow less money.

With a command economy, do individuals have choice and flexibility

A company holiday party is an example of a(n)
GER

Perform an online or offline search, and choose a technology firm near your location. You must then call and speak to someone from the firm's Human Resources department (preferably the HR manager) and conduct a brief (15- to 20-minute) interview with them. During the interview, you need to ask questions about the company's core functions, the different types of jobs available in the company, a list of qualities that the company expects from its employees, and so on. In other words, your questions should cover the points that the HR department would include in the company's Code of Conduct Manual. You should keep a record of all the answers and write a summary of what you have learned. Alternatively, if you do not find a technology firm near your location, or if the HR manager is unwilling to have a sit-down interview, you could find a company online and correspond with the manager through email with the help of a questionnaire.

Chris values family and friends most. _____ is/are the most important thing to him.


Relationships

Courage

Responsibility

Achievement

i think its relationships

what happen to andi mack

What is the value of y in the equation below?

6(y - 1.5) = 30

Why research proposal often gets rejected?
Give me at least 5 reason why?

You borrow $50 for 1 year at 5% interest rate. What is the interest owed?

Samantha makes $250.00 a week and saves 10% of her paycheck each week. How much will she save in 12 months

on a timeline, a milestone 14 years in the future will be to the ____ of a milestone 8 years in the future and to the ____ of a milestone 2 years in the future. left; left, right; left, right; right, left; right

The Berlin airlift operation, nicknamed "Operation Vittles," provided food, fuel, and basic supplies for Allied forces stationed in Berlin during World War II.
True
False​

True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographic location.

Question :Which statement best describes displacement? Check all that apply


Answer:2 , 3 5

One example of the role of democracy in education is

A. To prove that equality works among diverse learners
B. To provide equal pay for teachers
C. To cultivate civic responsibility in our students
D. To ensure equal success for all learners​

Once you turn 18, if you choose one of the 4 options for accessing credit, how will you be sure you use that credit responsibly?

1. Which of the following are the functions of management?:

Planning, Accounting, Data entry, Customer service

Planning, Organizing, Leading, and Controlling

Leading, Accounting, Timekeeper, Secretary

Planning, Recorder, Timekeeper, Selling

7. Ethics are.........
a. Inherited.
b. Lawless.
C. Deliberate.
d. Abstract.

In order to start a successful company, it is important to rely on other people to do all the work for you. True False​

Rent and insurance are ex
examples of what type of cost?

started business with cash Rs 100000 and furniture Rs 50000​

am I correct? if not lmk the answer please​

The particular market segment your company is trying to sell your products or services to is your _________

Given the lease terms below, what is the total price of this car if you buy it
after leasing, and you do not get the security deposit back?

Terms:
• Length of lease: 36 months
• MSRP of the car: $21,400
• Purchase value of the car after lease: $17,100
• Down payment: $1,500
• Monthly payment: $229
• Security deposit: $350
• Acquisition fee: $700

Answer choices:
A. $29,246
B. $27,894
C. $21,100
D. $24,678

Which of the following BEST represents democratic values?
a) the power to rule
b) equality among people
c) freedom to travel
d) the right to free books
can some one plss help me???​

What is a business opportunity?