Which type of interest (simple or compound) is generally charged for borrowing money for short periods of time and why?

Simple interest is generally charged for borrowing money for short periods of time. Compound interest is similar but the total amount due at the end of each period is calculated and further interest is charged against both the original principal but also the interest that was earned during that period.

Number 5 is 50 degreesnumber 6 is 45 degreesnumber 7 is 60 degreesnumber 8 is 45 degrees

The solution to the system of equations (-2,2)