Math, asked by lalayo, 1 year ago

balance in someone's account means compound interest or simple interest?

Answers

Answered by ayush579
0
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It essentially means that your money will grow exponentially over time rather than linearly, which it would if you were earning simple interest. ... Forcompound interest, the interest is paid into the account monthly and theinterest is earned on the monthlybalance in subsequent months.
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