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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
6.0k points

2 Answers

4 votes
Only on the PRINCIPAL, the initial amount of money invested or borrowed.
User Thundium
by
6.2k points
7 votes
Its A) Principle barrowed


User Dwarfy
by
6.0k points
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