The main difference between simple interest and compound interest:?

J

JulieSmith

New member
The main difference between simple interest and compound interest:

(a) compound is paid up-front and not when the investment matures
(b) compound entails receiving interest payments on previously earned interest
(c) simple is only paid at the end of the investment period
(d) simple is not taxed by the federal government.
(e) simple earns a higher interest rate on reinvested interest than compound
 
S

SweetSoulX

New member
C; compound is a continual interest while simple only happens at a set time, like the end of a month or year.

..Report the other person who spammed your question as well. It's a community violation and just annoying...
 
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