What is the different between simple interest and compund interest?

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asked May 6, 2021 123k views

1 Answer

Rhonda · Answer 1 · 2021-05-12T03:15:04+0000

Answer:

Simple interest is calculated on the original amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods.

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What is the different between simple interest and compund interest?

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What is the different between simple interest and compund interest?