In your OWN words, explain broadly: 1- If you're an investor, will u w

1.	In your OWN words, explain broadly: 1- If you're an investor, will u want ur loans to be repaid at a simple interest or composed? 2- If you're a credit interester, will u want your loans to be repaid at a simple interest or composed?
Answer» Answer: 1. Simple INTEREST. 2. Compound interest. Explanation: Simple interest, as it sounds, is the SIMPLEST and the easiest for determining how much extra you'll have to PAY for your loan. You'll have to know how to calculate simple interest even if you TAKE out a compound interest loan, because the simple interest is the basis on which the compound interest is calculated. Remember, interest is essentially the price you pay for borrowing money, on top of paying back that money itself (called the "principal").

In your OWN words, explain broadly: 1- If you're an investor, will u want ur loans to be repaid at a simple interest or composed? 2- If you're a credit interester, will u want your loans to be repaid at a simple interest or composed?

Answer»

Answer:

2. Compound interest.

Explanation:

Simple interest, as it sounds, is the SIMPLEST and the easiest for determining how much extra you'll have to PAY for your loan. You'll have to know how to calculate simple interest even if you TAKE out a compound interest loan, because the simple interest is the basis on which the compound interest is calculated.

Remember, interest is essentially the price you pay for borrowing money, on top of paying back that money itself (called the "principal").

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