Math, asked by soniapaul6181, 1 month ago

is invested means principal or simple interest in the chapter compound interest​

Answers

Answered by deepikabohara123
1

How to

1. Compound interest

If you invest your money using the simple interest method, you calculate interest on the initial principal only. But, when you use compound interest, you earn interest on the initial principal in the first year and then interest on the principal plus the prior year interest in the second year. Your money grows faster when using compound interest. This is critical to understand because it affects all investments, especially a retirement investment. The earlier you start investing, the more interest you can earn on compound interest year after year. The same concept can be applied to debt. Your initial unpaid balance on a loan will grow very quickly under compound interest. The most beneficial financial transaction for you would be to pay down your loans very quickly but to allow your savings enough time to grow.

mark me as brainliest

Answered by llItzDishantll
9

Answer:

☑invested means simple interest.

Similar questions