What is the difference between simple interest and compound interest? Question What is the difference between simple interest and compound interest? in progress 0 Math Arya 2 weeks 2021-10-05T22:46:49+00:00 2021-10-05T22:46:49+00:00 1 Answer 0

## Answers ( )

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 of previous periods, and can thus be regarded as “interest on interest.”