SOLUTION: Does interest rate always compound? Or can there be interest rate that makes my account grow linearly?
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Question 483873: Does interest rate always compound? Or can there be interest rate that makes my account grow linearly?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Interest can be compound or simple.
If it's your money being used by someone else, such as a bank, always get compound.
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