Welcome to Study Room SA
Help get things started! Simple pick and answer 1 or more questions to help those who are in need of your help. This site was mainly created for grade 10 - 12 pupils to exchange questions and answers. I' the admin of the site do try answering some of the questions but just because of the heavy load of work I have to attend on the site as a sole admin. I do really need some help.
0 votes
in Grade 12 by Master (866k points) | 666 views

1 Answer

0 votes
Best answer

Simple interest:

  • Calculated on the original/principal amount invested.
  •  Accumulated interest from prior periods is not used in calculations for the following period.
  • Money charged by the lender on the fixed amount for a certain period of time.
  • Interest charged remain fixed√ for the full period of investment.

Compound interest:

  • Calculated each period on the original/principal amount including all interest accumulated during past periods.
  • Based on the concept of adding accumulated interest to the original/principal amount√ and interest is earned on interest.
by Master (866k points)
selected by
No registration is required in order to post/ask, comment and or answer any question on this forum. Please note this website was created to help learners discuss their school work with other learners and teacher from anywhere around South Africa for free. Why Free? We generate our revenue through adverts to keep the forum running 24/7
Welcome to Study Room, where you can ask questions and receive answers from other members of the community. Members/Users are also allowed to answer any questions or add comments. If you think a certain answer is wrong or slightly incorrect' please use the comment button below the answer to add your suggestion.

Let's see how smart you are Click/Touch Here To help other students on their questions

1,692 questions
567 answers
1,846 users