zoe asked in Science & MathematicsMathematics · 2 months ago

How much more is earned by compounding an account with 1 million dollars in it?


COMPARED to simple interest at a rate of 2.12% over 2 years

1 Answer

  • 2 months ago

    depends on the rate and the time.

    How much more than what?  we would need another account that doesn't have a million dollars in it to make that comparison.

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