mquino34 mquino34
  • 15-04-2020
  • Mathematics
contestada

thways
Period:
1) Describe the difference between simple and compound interest.

Respuesta :

ksw04
ksw04 ksw04
  • 15-04-2020

Answer:

While both types of interest will grow your money over time, there is a big difference between the two. Specifically, simple interest is only paid on principal, while compound interest is paid on the principal plus all of the interest that has previously been earned.

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