Compound interest.
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.Usually no. Most institutions charge (and pay) compound interest, NOT simple interest.
its compound interest
simple interest and compound interest
compound interest increases interest more than simple interest
Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.
A simple interest calculation provides a useful estimate of what compound interest will be if it is valued. This is taught in math.
Simple interest: stays the same. Compound interest: increases.
Simple interest: stays the same. Compound interest: increases.
The interest for 1 year is 37.00, whether it is simple or compound interest.
compound
f(x)= mx+b for simple interest t(n)= abx for compound interest