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OpenStudy (skylyerbailey):
Please Help!😘❤️❤️❤️❤️ What is the difference between earning simple interest and earning compound interest?
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OpenStudy (mathmale):
Simple interest: You earn so much interest on your initial principal per year. The principal does not change. Compound interest: earned interest is added to the principal at the end of each compounding period, and so every time interest is compounded, you end up with a larger principal than that with which you began. Please Google "compound interest" for more info.
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