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With compound interest, after the first period you interest is calculated, not only on the original amount but also on the amount of interest from earlier periods.

As to "better" or not, the answer depends on whether you are earning it on savings or paying it on borrowing!

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โˆ™ 2013-10-04 10:01:39
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Algebra

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A polynomial of degree zero is a constant term

The grouping method of factoring can still be used when only some of the terms share a common factor A True B False

The sum or difference of p and q is the of the x-term in the trinomial

A number a power of a variable or a product of the two is a monomial while a polynomial is the of monomials

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Q: What is the difference between simple interest and compound interest is one better than the other why or why not?
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