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Svetradugi [14.3K]
3 years ago
14

What is the key difference between simple interest and compound interest, and how does this difference affect the

Mathematics
1 answer:
Leno4ka [110]3 years ago
3 0

Answer:

the answer is

Step-by-step explanation:

The simple interest is calculated only on the principal amount of a loan so it is relatively easier to calculate than the compound interest. The compound interest is calculated on the principle amount plus the interest that the amount gets per compounding period up to the period of the loan.

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A.
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