Question

Difference between simple interest and compound interest give three reasons

Answer 1

The following are the major
differences between simple interest
and compound interest:

1. The interest charged on the
principal for the entire loan term
is known as Simple Interest. The
interest computed on both
principal and the
previously earned interest is
known as Compound Interest.
2. Compound Interest gives a high
return as compared to Simple
Interest.

3. In Simple Interest, the principal
remains constant while in the
case of Compound Interest the
Principal changes due to the
effect of compounding.

hope this answer helps you
please mark it as brainliest

Answer 2

Answer:

Difference between simple interest and compound interest give three reasons

Explanation:

thanks my 10 and mark my ans as brainliest