2. How does simple interest differ from compound interest?

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asked May 17, 2021 171k views

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Maartenba · Answer 1 · 2021-05-22T16:10:44+0000

Answer:

Compound Interest gives a high return as compared to Simple Interest. In Simple Interest, the principal remains constant while in the case of Compound Interest the Principal changes due to the effect of compounding. Hopes this helps!!!

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2. How does simple interest differ from compound interest?

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