Question

In case of compound interest every year principal remain unaltered ​

Answer 1

Answer:

In case of simple interest, principal and interest remain same for every year while in case of compound interest, the amount at the end of each year will be the principal for next year and interest for different years is not the same.

Answer 2

Answer:

In first year compound interest is equal to simple interest ..

from second year we start getting additional interest on interest ...

so , it will increase every year .....