Question

state d difference between d compound interest and simple interest in easy language...​

Answer 1

Answer:

hope it helpful to you!!!!!

Answer 2

Answer:

Step-by-step explanation:

(1)- Compound Interest: An Overview. 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.

(2)- The simple interest is calculated only on the principal amount of a loan so it is relatively easier to calculate than the compound interest. The compound interest is calculated on the principle amount plus the interest that the amount gets per compounding period up to the period of the loan.

(3)- Compared to compound interest, simple interest is easier to calculate and easier to understand. When it comes to investing, compound interest is better since it allows funds to grow at a faster rate than they would in an account with a simple interest rate. ...