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Answered

if only the principal amount is earning interest, then you are computing for what?

Sagot :

RANDOMHSGDJIN

Step-by-step explanation:

Simple interest is when interest is gained only on the principal amount. In this scenario, interest earned is not reinvested.

(for example:)

If you were to gain 10% annual interest on $100, for example, the total amount earned per year would be $10

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