Question

for a given rate of interest and time what is more profitable for a depositor
option
1.can't be determined
2. compound interest
3. simple interest
4. both are equally profitable​

Answer 1

Answer:

Compound Interest: The Basics

A is the amount you have after compounding. The value P is the principal balance. ... It's easy to see that money grows more quickly when it's earning compound interest than when it's earning simple interest.