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Using simple interest, interest is earned on -----------, while on a compound interest; the interest is earned on ------------------. Which of the following is a
Using simple interest, interest is earned on -----------, while on a compound interest; the interest is earned on ------------------. Which of the following is a correct combination to fill out the blanks above in order?
a. Previously earned interest; both principal and interest received
b. Previously earned interest; only the original principal.
c. Only the original principal; previously earned interest
d. Only the original principal; both principal and interest received
e. Both principal and interest received; only the original principal
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