1. Which is the difference between simple and compound interest?
A. Simple interest yields a lot of money
B. Simple interest is easier to compute
C. Compound interest keeps computing interest
D. Simple interest is interest computed on the original principal only
2. Which is the difference between simple and compound interest?
A. Bank always use simple interest
B. Compound interest will yield more money
C. Bank uses compound interest when the money invested is substantial
D. Simple interest will yield less money, but the computation is easier with compound interest
Answers & Comments
Answer:
1.D
2.A
ty sa point sa tingin ko yan yung tama