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Bogdan [553]
3 years ago
7

What is simple interest

Mathematics
2 answers:
hjlf3 years ago
8 0
This is from another website. <span>Simple interest is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, making your initial investment grow!</span>
Fiesta28 [93]3 years ago
7 0
A simple interest is is a quick method of calculating the interest charge on a loan. The Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments. I Hope This Helps .
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