Math, asked by jeru34, 1 year ago

what the difference between compound interest and simple interes

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Answered by dikshaverma4you

SIMPLE INTEREST is calculated by multiplying the principal amount by the interest rate and the number of periods in a loan............ COMPOUND INTEREST is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

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gbalaji: its not like that if i did first i will be at the last

dikshaverma4you: Nope..... I think u r new to this site... No prob.

dikshaverma4you: Everything is in control.... R@veesh...

dikshaverma4you: :-)

raveesh255: ok@y th@ts nice Dik$)-(@

gbalaji: yeah i am new to this website.

raveesh255: alright then..you'll learn...

dikshaverma4you: Hmm........:-)

Answered by gbalaji

Simple interest is calculated by multiplying the principal amount by the interest rate and the number of periods in a loan.

compound interest, is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

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