Examlex
Which of the following is a basic principle for writing a good business document?
Simple Interest
Interest calculated on the principal portion of a loan or deposit, without compounding on the interest previously earned.
Original Principal
The initial amount of money borrowed or invested, before the addition of interest or profits.
Compounded Annually
A method of calculating interest where the interest rate is applied once per year to the principal, including any interest from previous periods.
Interest Rate
The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.
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