ka4imesoriritner ka4imesoriritner

11-08-2016
Social Studies

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how is compound interest rate differ from simple interest rate

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jiggly1 jiggly1

11-08-2016

Simple interest is calculated only on the principal 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

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