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13-11-2019
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How is compound interest different from simple interest?

How is compound interest different from simple interest class=

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13-11-2019

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

Explanation:

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13-11-2019

Answer: B compound interest pays on both principal and accumulated interest

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