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in 1 or2 sentences, describe why compound interest earns more money then simple interest
In Simple Interest , interest is earned only on the principal but compound interest is the interest earned not only on the original principal, but also on all interests earned previously so it yields more .
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Asked 10/2/2013 1:21:57 PM
Updated 12/28/2014 9:24:37 PM
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In Simple Interest , interest is earned only on the principal but compound interest is the interest earned not only on the original principal, but also on all interests earned previously so it yields more .



Added 12/28/2014 9:24:37 PM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [12/29/2014 5:56:58 AM], Rated good by debnjerry
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