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Business, 09.12.2020 21:30 YoVeoAnime

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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