Question

write difference between simple and compound interest​

Answer 1

Answer:

Relation Between Simple Interest and Compound Interest -

Simple interest is generally based on the principal amount of a loan or deposit whereas compound interest is based on the principal amount and also on the interest that accumulates on the principal every period.

Answer 2

Answer:

Step-by-step explanation:

The dfference between Simple and Compound interest is " Simple interest remains the same every year. But Compound interest increases over time."