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08-04-2017
Social Studies

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What's the difference between simple and compound interest?

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08-04-2017

Simple interest is just calculated on the basis of the principal amount , time period and rate while compound interest is calculated by including the interests of previous periods as well...

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pistachio2 pistachio2

08-04-2017

Simple interest is calculated based on the amount deposited.

Compound interest is calculated based on the amount deposited AND the previous interest (it adds on)

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