• Money & Me Trivia-3
     Help
  • What is the major difference between simple and compound interest?
    Simple interest is computed once; compound interest is computed as many times as compounding frequency requires.
  • What is compounding frequency?
    It's a number of times interest is compounded (calculated).
  • Does principal stay the same in compound interest scenario?
    No, it changes every time the interest is compounded (calculated).
  • Unlock this slideshow and over 3 million more with Baamboozle+
    Try slideshows
    • Your experience on this site will be improved by allowing cookies.