What is the difference between simple and compound interest over 30 years? The difference is 527,262 yen on 1 million yen at 3% per year

If you deposit 1 million yen at 3% per year for 30 years, you will have 1.9 million yen with simple interest and 2,427,262 ...
Investopedia

Interest Rates: Types and What They Mean to Borrowers

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Amy is an ACA and the CEO and founder of OnPoint Learning, a ...