I lend some money. If the interest is compounded rather than being simple for more than one year, I will be getting more money.

True

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False

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Solution

The correct option is A
True

Compound interest leads to more interest than simple interest because the annual interest keeps increasing with time in compound interest but not with simple interest.

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I lend some money. If the interest is compounded rather than being simple for more than one year, I will be getting more money.

The correct option is A True Compound interest leads to more interest than simple interest because the annual interest keeps increasing with time in compound interest but not with simple interest.

The correct option is A
True

Compound interest leads to more interest than simple interest because the annual interest keeps increasing with time in compound interest but not with simple interest.