With compound interest, in the second and subsequent periods, you are earning interest on the interest earned in previous periods.
If you withdraw the interest earned at the end of every period, the two schemes will earn the same amount.
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compound interest increases interest more than simple interest
true A compound event consists of two more outcomes or simple events
4.75 percent of 900 is 42.75 . A few pennies more if the interest is compounded at any time during the year. For example, if interest is compounded every month, then you have 43.69 at the end of the year.
No, "cabin" is not a compound word. It is a simple word derived from the Old French "cabane," meaning a small shelter or dwelling. Compound words are formed by combining two or more distinct words, such as "toothbrush" or "sunflower."
As a verb, it means to make something more than it is by adding more of something else. The accent is on the second syllable. As a noun, it means a substance which has one or more other substances added. The accent is on the first syllable.