Question

difference between simple intrest and intrest​

Answer 1

Answer:

Simple interest is computed on the principal amount or loan amount whereas compound interest is computed based on the principal amount as well as the interest accumulated for a certain period or previous period.

hope it helps

Answer 2

Answer: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."

HOPE IT HELPS YOU!!❤️