Difference Between Simple And Compound Interest Compounded Annually. What will oe the interest earned if the same sum of money is invested for 5 years at 12 per annum Simple Interest. That is principle 600 interest 30 I PRT 100.
However there does not need to be equal growth to achieve a 10 compound annual return. So R 5. I should be making 75year not 50.
Simple interest on a certain account for 4 years at 5 pa.
Simple interest is based on the principal amount of a loan or deposit. What will be the compound interest of N14000 after 3 years at the same rate if interest is compounded annually. The difference between compound interest and simple interest for two years is 1230 - 1200 30. 1000 P 1004.
