Why is compound interest preferable to simple interest?

compound interest pays at least double the interest on the principal during each month.
compound interest is paid by the week or by the month, not only once during a year.
compound interest is based on the entire principal, not just a percentage of the principal.
compound interest pays interest on the principal and the interest earned in each period.

The answer is: Compound interest pays interest on the principal and the interest earned in each period.

For example, let's say that you had an investment of $ 10 with an interest of 10% each month.

Using simple interest, your investment for the first two months would grow in this amount:

month 1= 10 + (10% x 10)  

monthh 2 = 11 + (10% x10)

But, using compound interest, your investments for the first two months would become:

month 1 = 10 + (10% x 10)  

month 2  = 11 + (10% x 11)

1) the andrew carniage's purchase and renovation of skibo castle have been very good and auspicious for the local people of dornoch firth, scotland because this is a turistic attraction for many people who would want to know the castle, the local people would take advantage about this.

2) yes, it could.

abraham lincoln, according to anyone who was connected with agriculture, represented the worst of northern politicians. shortly after lincoln was elected, south carolina seceded from the union. they along with other southern states, retained their anger. in a way, it was their own fault: the democrats were split in the south. some wanted slavery to be extended in other states that were about to join the union and some didn't want it badly enough. lincoln had a solid backing from his party: the republicans were united in not wanting slavery to be expanded.