Math, asked by UrmiPaul, 3 months ago

what would be the difference between simple interest and compound interest on a fixed sum at the same rate of interest after one year​

Answers

Answered by Anonymous
4

Step-by-step explanation:

Simple interest is calculated by using only the principal balance of the loan each period. With compound interest, the interest per period is based on the principal balance plus any outstanding interest already accrued. Interest compounds over time

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