Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

2 Subjects

Financial decision making for managers session 4 DQ

Financial decision making for managers session 4 DQ

Q 1. What are the differences between simple interest and compound interest?

View Related Questions

Solution Preview

The differences between compound and simple interest re stated as follows: ? Simple Interest can be regarded as the interest which is computed as the principal amount’s percentage. Compound interest can be regarded as the interest computed as a percentage of the accrued interest and principal. ? The return in case of simple interest is less whereas return is high comparatively in case of compound interest.