Question: What is the formula for simple interest given by the textbook? PV(1+r)n Amount of loan X Interest rate X Term of loan EAR Y=m(x)+b

What is the formula for simple interest given by the textbook?

What is the formula for simple interest given by the textbook? PV(1+r)n Amount of loan X Interest rate X Term of loan EAR Y=m(x)+b

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