13-11-2019
Mathematics

contestada

Interest paid on the original principal is known as simple interest.
True
False

Respuesta :

Darkhealer718 Darkhealer718

13-11-2019

Answer:

Simple interest is the amount of interest earned on the original amount of money invested. Simple interest is paid out as it is earned and does not become part of an account's interest-bearing balance. The invested amount is called principal.

Short Answer:

True

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