Simple interest is interest only calculated by multiplying the principal amount by the interest rate and the number of periods in a loan. However compound interest is interest on interest. It is calculated by multiplying the principal amount by the annual interest rate raised to the number of compound periods.
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<span>Because he fought for a popular cause.
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First Christopher Columbus sets out on his first voyage in 1492 then the Muscovy company is established in 1555 after that the French establish a fur trade in Canada around the 1600s