Question

Can Principal and Amount be same, in compound or simple interest??
if yes then In which case

please tell me the answer​

Answer 1

Answer:

Simple interest is always the same amount since it is a percentage of the principal. The compound interest amount is different every accrual period, since it is a percentage of the principal plus interest earned or accrued to date. The principal remains the same with simple interest.

I HOPE IT HELPS YOU KARTIK!

Answer 2

No,

Step-by-step explanation:

No, Principal and cannot be the same. Amount is always greater than principle because amount is equal to the sum of principle.

Hope it helps! :)