QUESTION #1) Bank accounts typically give ___________ interest. Savings bonds ty

Question

QUESTION #1)   Bank accounts typically give ___________ interest.  Savings bonds typically give ____________ interest.
A) compound, simple
B) simple, simple
C) compound, compound
D) simple, compound









QUESTION #2) When compounding interest, your money grows faster when which is true? Compound daily Compound quarterly Compound monthly Compound once a year







QUESTION #1)   Bank accounts typically give ___________ interest.  Savings bonds typically give ____________ interest.
A) compound, simple
B) simple, simple
C) compound, compound
D) simple, compound









QUESTION #2) When compounding interest, your money grows faster when which is true? Compound daily Compound quarterly Compound monthly Compound once a year

Explanation / Answer

1)THE ANSWER IS OPTION A

Bank accounts typically give COMPOUND INTEREST , Savings bonds typically give SIMPLE INTEREST

2) OPTION D IS CORRECT

compounding anually is the best option

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