msmith598 msmith598

13-04-2021
Law

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GUY PLZ PLZ HELP MY I JUST NEED HELP

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13-04-2021

Answer:

"Simple interest is calculated on the principal, or original, amount of a loan. Compound interest is calculated on the principal amount and also on the accumulated interest of previous periods, and can thus be regarded as "interest on interest.""

Explanation:

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