Social Studies, 03.12.2019 16:31 djmccarter

Which describes the difference between simple and compound interest?

simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans.

simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.

simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.

simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.

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Which describes the difference between simple and compound interest?

simple interest is...