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Simple interest is interest that a . compounds b . is interest that is charged only on the outstanding balance of a deposit or loan

Simple interest is interest that

.

compounds

.

is interest that is charged only on the outstanding balance of a deposit or

loan

.

is interest that is charged on interest that accrues on the outstanding

balance of a deposit or loan and on the outstanding balance of a loan or

deposit itself

.

is never paid

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