Simple interest is paid only on the.

Question

History

Gabriella James

Today, 05:46

Simple interest is paid only on the.

+2

Answers (2)

Know the Answer?

Braedon Cantu · Answer 1

The answer is principle

Chicken Legs · Answer 2

Simple interest is interest paid only on the principal, the initial amount of money invested or borrowed. The formula for simple interest is I = prt, where I is the interest, p is the principal, r is the interest rate per year, and t is the time in years. So it is The Principal