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What is simple interest? What information is needed to compute it ? What information is contained in a loan repayment schedule? Part 2 Simple interest
What is simple interest? What information is needed to compute it What information is contained in a loan repayment schedule?
Part
Simple interest is:Select the best answer below.
A
the sum of the principal paid on the loan divided by the loan amount.
B
computed as a percentage of the existing loan amount.
C
the sum of the interest paid on the loan.
D
the sum of the interest paid on the loan divided by the loan amount.
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