Math, asked by rajivkumar4067, 9 months ago

Is simple interest or interest is same or not???

Answers

Answered by prasad634

Answer:

Interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan. ... Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.

Answered by sturishikesh14

Answer:

Yes both simple interest and interest are same and compound interest is different.

Step-by-step explanation:

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