How does simple interest differ from compound interest?
Simple interest rates are betwee...
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Business, 22.02.2020 00:16 sirdre1982
How does simple interest differ from compound interest?
Simple interest rates are between 1-5% while compound interest rates are over 5%.
You earn simple interest in a savings account and compound interest on an investment.
Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.
Simple interest is calculated on the principal as well as the interest you’ve already earned; compound interest is calculated on principal alone.
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