What Type of Interest Is Calculated on the Balance of the Principal

question 7

Multiple Choice

What type of interest is calculated on the balance of the principal only?

• A) equivalent interest
• B) compounded interest
• C) future interest
• D) simple interest

---

Definitions:

Explosive Radiation

Rapid evolutionary diversification within a lineage, resulting in the formation of many new species.

Birds

Warm-blooded, feathered vertebrates that lay eggs, characterized by their ability to fly, although some species are flightless.

Adaptations

The process by which organisms adjust to changes in their environment, often leading to evolutionary changes that improve survival and reproduction.

Ozone

A form of oxygen with three atoms per molecule, forming a layer in the Earth's atmosphere that absorbs most of the sun's ultraviolet radiation.