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How does a compound interest rate differ from a simple interest rate

A. Compound interest pay more interest over time

B. Compound interest rates are calculated only once a year

C. Compound interest rates are usually lower than simple interest rate

D. Compound interest rates apply to home mortgages only

PLEASE HELP ME so can u help me with my answer for this​

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ethanqiantsuchida

Answer:

A

Step-by-step explanation:

A because simple interest is based on the original deposit while compound interest has a snowball effect meaning that if you gain interest the new interest includes the interest you gained. basically compound is interest on interest

Answer:

The answer is B

Step-by-step explanation:

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