Simple Interest vs Compound Interest web Story

Simple vs Compound Interest

What’s the real difference? Let’s break it down.

What is Simple Interest?

It’s calculated only on the principal amount.

Formula: SI = (P × R × T) / 100

What is Compound Interest?

Interest is added back to principal periodically and earns interest itself.

Formula: A = P(1 + R/100)^T

Example: ₹10,000 @ 10% for 5 years

Simple Interest = ₹15,000

Compound Interest = ₹16,105

Visual Comparison

See how compound interest grows faster.

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simple interest vs. compound interest

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