Which of the following is TRUE about simple interest? Question 3 Not yet saved Marked out of 1.00 Flag question Select one: O A. We never use simple interest rates in financial calculations. OB. If we have an effective annual rate (EAR) of return for 3 years, we can just divide the EAR by 3 to get the equivalent annual simple rate of return. O C. Simple interest does not allow for any interest-on-interest. OD. Both B and C are correct. Previous page Next page