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wel
3 years ago
11

Which of the following best describes the difference between simple and compound interest?

Mathematics
2 answers:
WINSTONCH [101]3 years ago
6 0

Answer:

Compound interest earns interest on the principal plus any previous interest earned.

Step-by-step explanation:

compound interest gets its name because the interest keeps on 'compounding' which means earning interest on interest

Fed [463]3 years ago
3 0

Answer:

Compound interest earns interest on the principal plus any previous interest earned.

Step-by-step explanation:

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