Bill is choosing between two different savings accounts. One pays simple
interest and the other pays compound interest. If Bill plans on saving
money for a long period of time and he wants the most return on his
savings he should choose the account with...
simple interest because it is easier to calculate.
compound interest because it will pay an increasing amount of interest
based on the amount of the original deposit.
compound interest because it will pay interest on the original deposit
plus interest earned over time.
simple interest because that account will pay interest on the total
amount in the account at all times.