Question

Why is simple interest useful for planning parts of your financial future?
a.
Simple interest can endure unforeseen economic changes by fluctuating.
b.
Simple interest generates more money than any other source of income.
c.
Simple interest grows more quickly if you invest in it longer.
d.
Simple interest is very regular and can be calculated in advance.

Answer 1

The best answer would be D. Simple interest is useful for planning parts of your financial future because simple interest is very regular and can be calculated in advance. The equations or the formulas involved are less complex and are easy to understand. However, the amounts calculated are, oftentimes, underestimated.

Answer 2

The answer to to the question is D, Simple interest is very regular and can be calculated in advance