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which type of interest can earn more money over the long term? simple i…

Question

which type of interest can earn more money over the long term? simple interest savings interest compound interest complicated interest

Explanation:

Brief Explanations

Compound interest earns more over the long term because it calculates interest on the initial principal and also on the accumulated interest of previous periods (interest on interest), while simple interest only calculates on the principal. Savings interest is a general term, and "complicated interest" is not a standard type. So compound interest grows faster over time.

Answer:

C. compound interest