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If someone were to ask you the difference between simple and compound interest, what would tell them?
300
Compound interest is a fixed amount calculated on the principal investment. Simple interest is accumulated interest calculated on the principal investment.
Simple interest is easy, compound interest is confusing.
Simple interest is a fixed amount calculated on the principal investment. Compound interest is accumulated interest calculated on the principal investment.
Simple interest is only available for loan repayments, compound interest is only used when investing money.
15 questions
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1
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If someone were to ask you the difference between simple and compound interest, what would tell them?
