Interest earned only on the original principal amount invested is called _______________.
A) Free interest.
B) Annual interest.
C) Simple interest.
D) Interest on interest.
E) Compound interest.

Name: Interest earned only on the original principal amount invested is called _______________. A) Free interest. B) Annual interest. C) Simple interest. D) Interest on interest. E) Compound interest.
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Question

Quizplus · Accepted Answer

Simple interest is calculated only on the original principal amount, not on the interest accrued over time.

Interest Earned Only on the Original Principal Amount Invested Is