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Usimov [2.4K]
3 years ago
10

What is the key feature of simple interest?

Mathematics
2 answers:
mylen [45]3 years ago
4 0

Answer:

When you make a payment on a simple interest loan, the payment first goes toward that month's interest, and the remainder goes toward the principal. Each month's interest is paid in full so it never accrues.

Step-by-step explanation:

FromTheMoon [43]3 years ago
3 0
When you make a payment on a simple interest loan, the payment first goes toward that month's interest, and the remainder goes toward the principal. Each month's interest is paid in full so it never accrues.
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Masja [62]

Answer:

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Step-by-step explanation:

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