Physics, asked by heavengamerf, 2 months ago

68 Find the difference between simple interest and compound interest for 3 years on 330,000 at 15% per annum, when the interest is compounded annually. answer da sala​

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Answered by khushikhan692
1

Answer:

Interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan. 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. Simple interest is calculated only on the principal amount of a loan or deposit, so it is easier to determine than compound interest.

Answered by Suhel123
0

Answer:

hope it helps you hdifofof

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