Accounting



Accounting Analysis

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Re: Better option for Investment

The main purpose of investment is to earn profit. When a person visits to some investment company they offer them different options having different interest rate. It is very essential for investor to know the main difference between simple interest versus compound interest.

Differences between Simple Interest versus Compound Interest

According to theories, interest is the borrowing cost. Simple interest rate is computed on original amount i.e. on principal only. For instances, single period like 30 days or 90 days, this is usually applied for short ...