Register
It is a type of interest where the interest is computed based on the principal value only
50.4k views
3 votes
It is a type of interest where the interest is computed based on the principal value only

User Jakie
by
3.4k points

1 Answer

1 vote
Simple interest is based on the principal amount of a loan or deposit. ... Simple interest is calculated only on the principal amount of a loan or deposit, so it is easier to determine than compound interest.
User Toral
by
2.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

3.3m questions

4.2m answers

Other Questions

A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Can someone help me plz I have to Turn 27/9 in simplest
The sanchez family goes out for dinner, and the price of the meals is $60. The sales tax on the Meals is 7 percent, and they also want to leave a 15 percent tip. What is the total cost of the meal? Analyze
Simplify: 10 ÷ [(5 + 2) − 5]
WHAT IS 33 TIMES 5 TELL ME THE ANWER
Link Copied!