Math, asked by pragna6092, 5 months ago

what is the difference between simple interest and compound interest

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Answered by kafeelabatool404

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."

Answered by parry8016

Step-by-step explanation:

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what is the difference between simple interest and compound interest​

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what is the difference between simple interest and compound interest