I’m 2 to 4 sentences, describe why compound interest earns more money than simple interest.

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asked Mar 4, 2019 89.2k views

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Leonid Shvechikov · Answer 1 · 2019-03-10T17:19:00+0000

Simple interest: Earn interest only on the principal. (Linear increase)
Compound Interest: Earn money on principal and other accumulated interest. (Exponential increase)

I’m 2 to 4 sentences, describe why compound interest earns more money than simple interest.

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