Business, 09.12.2020 21:30 YoVeoAnime
Which describes the difference between simple and compound interest?
A) Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans.
B) Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
C) Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.
D) Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.
Answers: 1
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Which describes the difference between simple and compound interest?
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