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trapecia [35]
3 years ago
7

How is compound interest different from simple interest?

History
2 answers:
SashulF [63]3 years ago
6 0

Answer:

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

Explanation:

skelet666 [1.2K]3 years ago
5 0

Answer: B compound interest pays on both principal and accumulated interest

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