Ralph wants to borrow money from Krusty the Clown. Ralph has promised to pay back Krusty in two years. What interest rate would Ralph prefer? 

10% simple interest 

10% compound interest 

11% rate simple interest , 

11% rate compound interest

1. Ralph wants to borrow money from Krusty the Clown. Ralph has promised to pay back Krusty in two years. What interest rate would Krusty the Clown prefer?

   		10% simple interest
   		10% compound interest
   		11 % rate simple interest
   		11% rate compound interest

Answer rating: 100% (QA)

Let principal be 1000 At 10 simple interest Simple interestPrincipalInterest ... View the full answer