The difference between simple interest and compound interest is that

Simple interest is easier to compute.

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Simple interest yields a lot of money.

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Simple interest is the interest on original principal only.

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None of these

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Solution

The correct options are
B Simple interest is easier to compute.
C Simple interest is the interest on original principal only.
$\Rightarrow S i m p l e I n t e r e s t = \frac{P \times N \times R}{100}$
$w h e r e, P = P r i n c i p a l o r t h e s u m$
$N = N u m b e r o f p e r i o d o r T i m e$
$R = R a t e o f i n t e r e s t$
$\Rightarrow E a s i e r t o c o m p u t e .$
$\Rightarrow S i m p l e i n t e r e s t i s c a l c u l a t e d o n o r i g i n a l p r i n c i p a l .$

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The difference between simple interest and compound interest is that

The correct options are B Simple interest is easier to compute. C Simple interest is the interest on original principal only.⇒SimpleInterest=P×N×R100where,P=Principalorthesum N=NumberofperiodorTime R=Rateofinterest⇒Easiertocompute.⇒Simpleinterestiscalculatedonoriginalprincipal.