Answer :

Final answer:

Compound interest generally yields a higher amount compared to simple interest due to its compounding nature.


Explanation:

Compound interest usually results in a higher amount compared to simple interest over time.

Compound interest is calculated on the principal amount plus the accumulated interest, leading to exponential growth.

For example, if [tex]$100 gains $[/tex]15.76 compound interest in three years, it would only gain $15 with simple interest, showcasing the impact of compounding.


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