Question 1

Compound InterestandSimple InterestWhat is the difference between？

Accepted Answer

Simple InterestOnlyforPrincipalCalculateInterest，Compound InterestforPrincipalandalreadyProductInterestoneCalculate。Compound InterestTimeLength，LengthPeriodInvestmentReturnSupersetSimple Interest。

Question 2

72is？

Accepted Answer

72usetoQuickEstimateInvestmentTimestheYear：72÷Annual Rate≈TimesYear。e.g.Annual Rate6%，Approx12YearTimes。

Question 3

Compound InterestHeightReturnBig?？

Accepted Answer

is，inWithAnnual Ratedown，Compound InterestHeight（such asPerDayCompound InterestvsYearlyCompound Interest），ActualYearRate of ReturnHeight，ButDifference+And-。