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Which of the following best describes the differences between simple and compound interest? a. simple interest is easier to calculate than compound interest b. simple interest e…

Which of the following best describes the differences between simple and compound interest? a. simple interest is easier to calculate than compound interest b. simple interest e…
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21 votes
Which of the following best describes the differences between simple and compound interest?

a. simple interest is easier to calculate than compound interest

b. simple interest earns interest on the previous interest earned only

c. compound interest earns interest on the principal plus any previous interest earned

d. compound interest earns interest on the principal only

asked
User Deepender Singla
by
8.0k points

1 Answer

13 votes

Answer:

simple interest is easier to calculate than compound interest

Explanation:

answered
User DJo
by
8.5k points
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