History, 26.03.2021 16:30 leslie0296
Which describes the difference between simple and compound interest?
Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans.
Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.
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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