Math, asked by sukanshii, 11 months ago

what is the difference between compound interest and simple interest?​

Answers

Answered by pratyush7033
2

Step-by-step explanation:

simple interest is added on the principal sum but compound interest is added on the on the compounded sum

Answered by rahul68171150
1

Answer:

simple interest is based on the amount if a loan or deposit . while compound interest is based on the principal of amount and the Interest acumulates on it in every period

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