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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
asked 210k views
5 votes
Simple interest is paid only on the

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

asked
User Mwal
by
8.1k points

2 Answers

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


answered
User Dwarfy
by
8.1k points
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