Question

_________ is the interest amount that the bank pays you on the principal amount.

Credit interest
Loan Interest
Simple Interent

Answer 1

For Plato users the correct answer would be Simple Interest. 100%

Hope this helps!

Answer 2

The correct answer is "Simple Interest".

Step-by-step explanation:

Simple interest is a quick and easy method of calculating the interest charge a bank pays on the principal amount. Simple interest is determined by multiplying the daily interest rate by the principal amount and finally by the number of days between payments.

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