Simple interest means that:
A)the interest is paid only once.
B)the interest is calculated with respect to the original amount lent.
C)the interest is paid at the beginning of the loan.
D)the interest is calculated with respect to the original amount lent plus the interest already paid.

Question

Quizplus · Accepted Answer

Simple interest is calculated based on the original principal amount throughout the entire period of the loan or investment, without compounding.

Simple Interest Means That