Question: Simple interest is the interest earned on: a. the original principal amount invested. b. both the original principal and the reinvested interest from prior periods.
Simple interest is the interest earned on:
a. the original principal amount invested.
b. both the original principal and the reinvested interest from prior periods.
c. the reinvested interest from prior periods.
d. the accumulated value of an investment including all interest earned to date.
e. the prior balance which includes both interest and principal amounts.
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