Math, asked by pujadaspujadas788, 10 months ago

how does compound interest different from simple interest?

Answers

Answered by kshitizbitu7256

Answer:

Simple interest is based on the principal amount of a loan or deposit, while compound interest is based on the principal amount and the interest that accumulates on it in every period.

Answered by parthkalia06

Answer:

Because CI=P{(1+R/100)^n -1}

SI P×R×T/100

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how does compound interest different from simple interest?​

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how does compound interest different from simple interest?