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

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Definitions:

Human Relations Skills

The ability to deal with people, both inside and outside the organization.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.