Need help with finite mathematics "True or False' #2

Mathematics
Tutor: None Selected Time limit: 1 Day

True or false. Compound interest that is converted once a year is the same as simple interest.

Nov 10th, 2015

Thank you for the opportunity to help you with your question!

False,  because in compound interest the interest part also gets added to the principal and then the next years interest is computed on the total amount.

in simple interest the interest part is not included in principal to compute the interest

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Nov 10th, 2015

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Nov 10th, 2015
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Nov 10th, 2015
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