Question

___ ______ interest is money earned on the original amount of money, whereas _______ interest allows for consumers to earn interest on the original amount plus any interest earned, making it a better option for bank accounts.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Simple interest is money earned on the original amount of money, whereas compound interest allows for consumers to earn interest on the original amount plus any interest earned, making it a better option for bank accounts.