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01-04-2019
Mathematics

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The difference between simple and compound interest in a savings account is that ______________.

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absor201 absor201

14-04-2019

Answer:

The difference is that the simple interest gives you interest only on the deposited amount in the account while the compound interest is calculated over the deposited amount and the previous interest amount added to the deposited amount.

Step-by-step explanation:

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