In this video, we have explained you the important differences between simple interest and compound interest. In addition to this, an introduction of simple interest with suitable example and formula, is discussed. Likewise, compund interest is elucidated, with the help of examples and its formulas.

Moreover, when compound interest is to be charged semi-annually, quarterly, monthly and so forth, we require conversion period. So, this video also gives an overview of the conversion period using the chart. At the end of this video, you will find the complete explanation of difference between simple and compound interest, using comparison chart.

You can further study this topic on our official website:- https://keydifferences.com/difference-between-simple-interest-and-compound-interest.html

In keydifferences.com, you can find the substantial differences between two topics.