Basic College Mathematics (9th Edition)

Published by Pearson
ISBN 10: 0321825535
ISBN 13: 978-0-32182-553-7

Chapter 6 - Percent - 6.8 Compound Interest - 6.8 Exercises - Page 455: 1

Answer

False

Work Step by Step

Compound and simple interest are only the same in the first year; after that, compound is always higher.
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