question 1 of 10\nwhich type of interest can earn more money over the long term?\nsimple interest\nsavings…

question 1 of 10\nwhich type of interest can earn more money over the long term?\nsimple interest\nsavings interest\ncompound interest\ncomplicated interest

question 1 of 10\nwhich type of interest can earn more money over the long term?\nsimple interest\nsavings interest\ncompound interest\ncomplicated interest

Answer

Brief Explanations:

Compound interest is calculated on the initial principal and also on the accumulated interest from previous periods. Over the long - term, this leads to exponential growth. Simple interest is only calculated on the principal amount. Savings interest is a general term and not a distinct type like compound. Complicated interest is not a standard financial term.

Answer:

C. compound interest