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GUY PLZ PLZ HELP MY I JUST NEED HELP

GUY PLZ PLZ HELP MY I JUST NEED HELP-example-1
User Will Vanderhoef
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1 Answer

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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.""

Step-by-step explanation:

User Sumit Sharma
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