Question

When did the compound interest account begin to be more lucrative than the simple interest account?

Answer 1

Simple interest is the amount of interest earned on the initial amount of money invested. Simple interest is paid out as it is received and is not become part of an account's interest-bearing balance. Compound interest becomes better when the initial amount doubles with passing time and interest is added to it    

I hope this answers your question

Answer 2

Answer:

HOPE THE ABOVE GIVEN ATTACHMENT WILL HELP YOU......