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Simple interest is paid only on the A. Principal Borrowed B. Outstanding Balance C. Projected Balance

Simple interest is paid only on the A. Principal Borrowed B. Outstanding Balance C. Projected Balance
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5 votes
Simple interest is paid only on the

A. Principal Borrowed
B. Outstanding Balance
C. Projected Balance

User Mwal
by
8.1k points

2 Answers

4 votes
Only on the PRINCIPAL, the initial amount of money invested or borrowed.
User Thundium
by
8.7k points
7 votes
Its A) Principle barrowed


User Dwarfy
by
8.1k points
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