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Which of the following statements is not correct? Simple interest is the interest earned only on the original principal. Compound interest is the interest earned

Which of the following statements is not correct?

		Simple interest is the interest earned only on the original principal.
		Compound interest is the interest earned on principal and on interest received.
		Interest on interest means the interest earned on reinvestment of previous interest payments.
		The long-term compounding effect comes from the interest earned on original principal.

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