difference between simple interest and compound interest
ab ni aaugi koi mujhse baat ni krta ¯\_(ツ)_/¯
Answers
Answered by
1
Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."
Answered by
2
Explanation:
Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest."
\_(ツ)_/¯ nice talent ❤️
Happy Republic day
Similar questions