COMPOUND INTEREST VS SIMPLE INTEREST. - Deepstash
COMPOUND INTEREST VS SIMPLE INTEREST.

COMPOUND INTEREST VS SIMPLE INTEREST.

  • Interest is the cost of borrowing money, where the borrower pays a fee to the lender for the loan.
  • Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent.
  • Compound interest accrues and is added to the accumulated interest of previous periods, so borrowers must pay interest on interest as well as principal.

38

106 reads

CURATED FROM

IDEAS CURATED BY

hakimshafin

Curious Human. Life long learner

The idea is part of this collection:

Harnessing Blockchain Technology

Learn more about moneyandinvestments with this collection

Understanding the basics of blockchain technology

The benefits and challenges of using blockchain

The future of blockchain technology

Related collections

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates