What is the difference between simple interest and compound interest? a) Simple interest is calculated and paid on an initial capital that remain...
What is the difference between simple interest and compound interest?
a) Simple interest is calculated and paid on an initial capital that remains unchanged, while compound interest is calculated and paid on an initial capital that changes over time.
b) Simple interest is calculated and paid on an initial capital that changes over time, while compound interest is calculated and paid on an initial capital that remains unchanged.
c) Simple interest is calculated and paid on an initial capital that remains unchanged, while compound interest is calculated and paid on an initial capital that also generates interest.
d) Simple interest is calculated and paid on an initial capital that also generates interest, while compound interest is calculated and paid on an initial capital that remains unchanged.
a) Simple interest is calculated and paid on an initial capital that remains unchanged, while compound interest is calculated and paid on an initial capital that changes over time.
b) Simple interest is calculated and paid on an initial capital that changes over time, while compound interest is calculated and paid on an initial capital that remains unchanged.
c) Simple interest is calculated and paid on an initial capital that remains unchanged, while compound interest is calculated and paid on an initial capital that also generates interest.
d) Simple interest is calculated and paid on an initial capital that also generates interest, while compound interest is calculated and paid on an initial capital that remains unchanged.
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