which describes the difference between simple and compound interest?\nsimple interest is paid on small…

which describes the difference between simple and compound interest?\nsimple interest is paid on small, short - term loans, while compound interest is paid on large, long - term loans.\nsimple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.\nsimple interest is paid on large, long - term loans, while compound interest is paid on small, short - term loans.\nsimple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.

which describes the difference between simple and compound interest?\nsimple interest is paid on small, short - term loans, while compound interest is paid on large, long - term loans.\nsimple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.\nsimple interest is paid on large, long - term loans, while compound interest is paid on small, short - term loans.\nsimple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.

Answer

Brief Explanations:

El interés simple se calcula solo sobre el capital inicial (principal). El interés compuesto se calcula sobre el capital inicial más los intereses acumulados en períodos anteriores.

Answer:

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