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2016-03-21T19:22:58+05:30

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SIMPLE INTEREST is calculated by multiplying the principal amount by the interest rate and the number of periods in a loan............ COMPOUND INTEREST is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.
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2016-03-21T19:25:14+05:30

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Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.

Simple interest is calculated by multiplying the principal amount by the interest rate and the number of periods in a loan. 

compound interest, is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.


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