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5 October, 05:46

Simple interest is paid only on the.

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  1. 5 October, 06:54
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    The answer is principle
  2. 5 October, 08:01
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    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
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