Question

difference between Simple.Interest and compound interest

Answer 1

Hello..

Simple interest in the amount of money charged on the amount lent to someone for a specific time period.

Whereas , Compound interest is the addition of interest to the principal sum of a loan . We can also say, it is like interest on a interest.

Thank you :)

Hope it helps you
@pakhi6

Answer 2

Simple interest in the amount of money charged on the amount lent to someone for a specific time period. 

Whereas , Compound interest is the addition of interest to the principal sum of a loan . We can also say, it is like interest on a interest. 
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