Examlex
Evaluate each of the following
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Simple Interest
Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.
Equivalent
Equal in value, amount, function, meaning, etc., often used in mathematics and chemistry.
Per Annum
A Latin term meaning "per year," often used in financial contexts to describe rates or amounts calculated over a yearly basis.
Invested
Invested refers to the allocation of resources, usually money, into a financial venture with the expectation of receiving future returns.
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