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28 October, 22:32

Simple interest is earned on a bank balance. True or False

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  1. 28 October, 22:35
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    True simple interest is earned on a bank balance
  2. 28 October, 22:44
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    True ... Savings accounts earn interest on the amount of money deposited into the account. The formula to determine simple interest in a savings account is the deposit amount times the annual interest rate times the amount of time the money is deposited
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