Answered

what is the difference between simple and compound interest​

Sagot :

Dexuz94viz

Answer:

Simple interest is paid on the principal only; compound interest is paid on both principal and interest.

Alleyahfelisilda7viz

Answer:

The interest, typically expressed as a percentage, can be either simple or compounded. Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.

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