Question

which is more profitable for 1 year deposit
a) compound interest of 10 %compounded annually
b) compound interest of 10 % compounded half yearly
c) simple interest of 10%
d) simple interest of 11%​

Answer 1

Answer:

Mark it as brainliest

Yes

Step-by-step explanation:

d

Answer 2

Answer:

Step-by-step explanation:

E

verybody uses money. Sometimes you work for your money and other times

your money works for you. For example, unless you are attending college on a

full scholarship, it is very likely that you and your family have either saved money

or borrowed money, or both, to pay for your education. When we borrow money,

we normally have to pay interest for that privilege. When we save money, for a future

purchase or retirement, we are lending money to a financial institution and we expect

to earn interest on our investment. We will develop the mathematics in this chapter to

understand better the principles of borrowing and saving. These ideas will then be used

to compare different financial opportunities and make informed decisions.