What is the difference between simple interest and compound interest? Is the amount of interest higher or lower when the interest is simple rather than compound?

Name: What is the difference between simple interest and compound interest? Is the amount of interest higher or lower when the interest is simple rather than compound?
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

The Answer of What is the difference between simple interest and compound interest? Is the amount of interest higher or lower when the interest is simple rather than compound?

What Is the Difference Between Simple Interest and Compound Interest