the difference between simple and compound interest on an amount at r% p.a after 1 year is​

the difference between simple and compound interest on an amount at r% p.a after 1 year is​

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2 thoughts on “the difference between simple and compound interest on an amount at r% p.a after 1 year is​”

  1. Answer:

    The major difference between compound and simple interest is that simple interest is based on the principal of a deposit or a loan whereas compound interest is based on the principal and interest that accumulates in every period of time.

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