Question

The difference between compound and simple interest on a certain

money is ______.

PLS TELL, ITS URGENT. ​

Answer 1

Answer:

The interest, typically expressed as a percentage, can be either simple or compounded. 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.

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Answer 2

Answer:

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The interest, typically expressed as a percentage, can be either simple or compounded. 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.

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