Jasmine77658493077 Jasmine77658493077

07-01-2021
Mathematics

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True or False. The higher the interest rate, the larger the balance will be after a determined amount of time (than with a lower interest rate).

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luffingsails luffingsails

07-01-2021

Answer:

True

Step-by-step explanation:

Principle = Interest * Time

So if time doesn't change, You'll get more money when Interest is higher!

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