What is the different between simple interest and compund interest?

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jhonatangonzames jhonatangonzames

07-10-2020
Business

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What is the different between simple interest and compund interest?

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UwUQween UwUQween · Answer 1 · 2020-10-07T14:54:33+02:00

UwUQween UwUQween

07-10-2020

Answer:

Simple interest is calculated on the original amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods.

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What is the different between simple interest and compund interest?​

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What is the different between simple interest and compund interest?