Simple interest is paid only on the.

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Jadon Simmons

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2 November, 20:16

Simple interest is paid only on the.

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Davin Rush · Answer 1

Simple interest is interest paid only on the principal, the initial amount of money 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

Gaven Parker · Answer 2

The answer is principle