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Which of the following statements is true regarding simple and compound interest?

Practice Questions

1 question
Q1
Which of the following statements is true regarding simple and compound interest?
  1. Simple interest is always greater than compound interest.
  2. Compound interest is always greater than simple interest.
  3. Both are equal after a certain time.
  4. None of the above.

Questions & Step-by-step Solutions

1 item
Q
Q: Which of the following statements is true regarding simple and compound interest?
Solution: Compound interest will always be greater than simple interest for the same principal, rate, and time, except for the case of zero interest.
Steps: 0

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