The compound interest is_______
A) always less than simple interest.
B) always greater than or equal to simple interest.
C) always greater than simple interest.
D) always equal to simple interest.
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Answer:
C) always greater than simple interest.
Step-by-step explanation:
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Answered by
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The compound interest is c) always greater than the simple interest.
Compound interest is often more than or equal (only if compounded annually and for a term of 1 year) to the easy interest. interest has lesser returns to the investor than the interest. Wealth creation is more when the principal is compounded than if interest is employed.
HENCE CI>SI.
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