What is the difference between simple interest vs compound interest?

added article Finance

2022-07-01 11:30:34 - Translate

Interest is based on the amount of money that is invested or borrowed. Calculating interest may be done in several different ways. There are two methods to accrue interest: simple interest and compound interest. Interest on a loan or investment is referred to as "simple interest." It's based on the original principle. CI, on the other hand, is an interest in interest. It is based on the...

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