Math, asked by sharvai, 17 days ago

The difference between simple and compound interest on an amount of at
7% p.a after one year is

Answers

Answered by sheetalverma212001

0

Answer:

Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest

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