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what is simple interest??
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Question
Asked 10/29/2009 6:44:40 PM
Updated 9/15/2014 7:20:58 PM
1 Answer/Comment
Flagged by alfred123 [9/15/2014 7:20:56 PM]
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User: what is simple interest??

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Question
Asked 10/29/2009 6:44:40 PM
Updated 9/15/2014 7:20:58 PM
1 Answer/Comment
Flagged by alfred123 [9/15/2014 7:20:56 PM]
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8
Simple interest is an interest computed only on the principal and (unlike compound interest) not on principal plus interest earned or incurred in the previous period(s).
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Added 9/15/2014 7:20:58 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/15/2014 9:18:36 PM]
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