Math, asked by balajiafl123, 6 months ago

under compound interest principal changes or remains same every year​

Answers

Answered by XxMissCutiepiexX
6

Step-by-step explanation:

In case of simple interest the principal remains the same for the whole period but in case of compound interest the principal changes every year. Clearly, the compound interest on a principal P for 1 year =simple interest on a principal for 1 year, when the interest is calculated yearly.

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