Question

সরল মুনাফা ও চক্র বৃদ্ধি মুনাফার মধ্যে পার্থক্য কত? - what is the differences between simple profit and Cycle increase profits? (translation) ​

Answer 1

Step-by-step explanation:

In Simple Interest, he get fixed interest even if we keep the money in bank for many years

But, In Compound interest , the amount ie. Principal + Interest gained of 1st year becomes Principal for 2nd year and hence principal increases and this results in more interest.

So, if we are investing money in bank, compound interest is more profitable for us

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