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1:17
YouTube
The Finance Toolbox
Simple vs. Compound Interest Explained in 60 Seconds!
Simple vs. compound interest? 🤔 Let's break down the difference in just 60 seconds! Understanding the difference between simple and compound interest can help you make smarter financial decisions. 📊💡 Simple Interest is calculated only on the principal amount. For example, if you invest £1,000 at a 5% annual rate for 3 years, you'll ...
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