Ask Question
MathematicsMathematics
10 May, 00:15

Describe the difference between simple interest and compound interest

+1
Answers (1)
  1. 10 May, 00:41
    0
    Simple interest is only based on the principal amount of a loan, while compound interest is based on the principal amount and the accumulated interest. Simple interest is calculated by multiplying the principal amount by the interest rate and the number of periods in a loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Describe the difference between simple interest and compound interest ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Avantraveling 20 miles per hour can stop in 60 feet. If a van is traveling 32 miles per hour what is it's stopping distance
Answers (1)
One third of a number x is equal to 22 less than the number
Answers (2)
What is an rational number between 9.5 and 9.7 and include decimal approximation to the nearest hundredth
Answers (1)
What is the minimum value in a plot
Answers (2)
How do you find the correct area of a trapezoid using this formula: h (b1 + b2)
Answers (1)
New Questions in Mathematics
Find the sum of the first eight terms of the geometric series 1 + 2 + 4 + ...
Answers (2)
Multiply or divide as indicated. x - 8 • x - 2
Answers (1)
The perimeter of a rectangular garden is 310 feet. If the length of the garden is 88 feet, what is its width?
Answers (2)
Select the correct answer Which function is an odd function? A I () = cos (268) B. 1 (a) = ce (a) C, klavc (32) D. f (x) = co (a)
Answers (1)
What is the sum of the exterior angle measures of triangle xyz?
Answers (1)
Home » Mathematics » Describe the difference between simple interest and compound interest
Sign Up Forgot Password?