How to do compound and simple interest

Mathematics

1 answer:

Cerrena [4.2K]3 years ago

3 0

Answer:

We can compute simple interest by finding the interest rate percentage of the amount borrowed, then multiply by the number of years interest is earned. Another type of interest calculates interest on both the money initialy deposited as well as the interest money earned, and is called compound interest.

Step-by-step explanation:

hope this helps

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