What is the difference between simple interest and compound interest�

1.	What is the difference between simple interest and compound interest
Answer» 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."

What is the difference between simple interest and compound interest

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."

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What is the difference between simple interest and compound interest​

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What is the difference between simple interest and compound interest