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hichkok12 [17]
3 years ago
12

What is the principal of simple interest

Mathematics
1 answer:
sasho [114]3 years ago
4 0

Answer:

Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

Step-by-step explanation:

Does this help☺

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