Question

The difference between _______ interest and compound interest is that the amount of compound interest earned gets (bigger or smaller) ___________ every year.

Answer 1

Answer:

The difference between simple interest and compound interest is that the amount of compound interest earned gets (bigger or smaller) bigger every year.

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What is simple interest?

Simple interest. Money paid only on principal, or money borrowed or invested.

What is compound interest?

The interest which is added to the initial investment, so that this will gain interest in subsequent time periods.