Question

$what \: is \: \: differentiate \: between \: \\ simple \: \: and \: compound \: interest \: ?$

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Answer 1

Answer:

Explaining in hindi

Simple interest mtlb agar principal 100 hai aur interesr 20 ho to amount 120 hoga aur next year phir se Rs.100 principal par Interest milega.

Compound matlab agar p 100 hai aur 20 ho to amount 120 hoga aur next year usi amount 120 par Interest milega

Answer 2

• 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.