xiaimzx xiaimzx

08-05-2020
Mathematics

contestada

What is the difference between simple interest and compound interest?

Respuesta :

manissaha129 manissaha129

04-01-2021

Answer:

Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."

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