Question

what is simple interest and compound interest ​

Answer 1

Step-by-step explanation:

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."

Answer 2

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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