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elena-14-01-66 [18.8K]
3 years ago
9

Simple interest is paid only on the .

History
2 answers:
Naddika [18.5K]3 years ago
6 0
The answer is principle
Leni [432]3 years ago
3 0
Simple interest is interest paid only on the principal, the initial amount of money <span>invested or borrowed. The formula for simple interest is I = prt, where I is the interest, p is the principal, r is the interest rate per year, and t is the time in years. So it is The Principal </span>
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