Question

what is the difference between simple intrest and compound intrest​

Answer 1

Step-by-step explanation:

Specifically, simple interest is only paid on principal, while compound interest is paid on the principal plus all of the interest that has previously been earned per year

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Answer 2

Answer:

Simple Interest is applied any at one time for the whole time.

Compound Interest is applied after every 1 year.

Step-by-step explanation:

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