zoe asked in Science & MathematicsMathematics · 2 months ago

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

Update:

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

1 Answer

Relevance
  • 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.

Still have questions? Get answers by asking now.