Question

Simple interest is computed as the:

Answer 1

Answer:

(b) interest times the initial investment only

Step-by-step explanation:

simple interest is calculate on the initial amount only there no addition of previous interest. It is calculate by multiplying initial investment to the rate of interest and duration of investment and after multiply we divide  the whole value by 100. If we want to find the total value then we have to add the interest to the initial investment