by definition, simple interest is: a. future value minus interest. b. principal times interest rate. c…
by definition, simple interest is: a. future value minus interest. b. principal times interest rate. c. interest paid on principal only. d. future value plus interest.
Answer
Brief Explanations:
Simple - interest is calculated only on the initial principal amount and not on any accumulated interest from previous periods.
Answer:
C. interest paid on principal only.