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what is the difference between the total account value using compound interest and the amount earned using simple interest

what is the difference between the total account value using compound interest and the amount earned using simple interest
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what is the difference between the total account value using compound interest and the amount earned using simple interest

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User RVG
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Simple interest is computed on the principal amount or loan amount whereas compound interest is computed based on the principal amount as well as the interest accumulated for a certain period or previous period.
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User Stein Lundbeck Tech
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