Question

2. If you are borrowing money, would you prefer to invest it
using simple interest or compound interest? Explain your
answer briefly.​

Answer 1

Answer:

When it comes to investing, compound interest is better since it allows funds to grow at a faster rate than they would in an account with a simple interest rate. Compound interest comes into play when you're calculating the annual percentage yield. That's the annual rate of return or the annual cost of borrowing money.