Simplify the Expression

question 65

Multiple Choice

Simplify the expression.

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Definitions:

Principal

The original sum of money borrowed in a loan or the initial amount of investment, not including interest or profits.

Simple Interest

Interest assessed only on the base amount, or on whatever portion of the base amount has not been settled.

Interest

Payment made for the use of borrowed money, calculated as a percentage of the principal sum.

Simple Interest

Interest calculated only on the initial amount of money (principal), not on the interest accrued over time.