Business, 25.11.2020 02:40, tommybear989

Which describes the difference between simple and compound interest? A> Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans.
B> Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
C> Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.
D> 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? A> Simple interest is paid...