Math, asked by nandini261005, 1 year ago


Write the differences between Simple Interest and Compound Interest.

Answers

Answered by baby3419
1

Answer:

simple interest is the sum paid for using the borowed money, for a fixed period. On the other hand, whenever the interest becomes due for payment, it is added to the principal, on which interest for the succeeding period is reckoned, this is known as compound interest. So, here in this article, you will find the basic differences between Simple Interest and Compound Interest, which we have compiled after an in-depth research on the two terms.

Similar questions