ECONOMICS
COMPOUND INTEREST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The simple interest formula is I=Prt. The P represents the principle. The principle is ____
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the amount of money borrowed or deposited
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the percent interest for his year
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the amount taxed
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the amount the bank owes you for being a customer at their bank
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Explanation:
Detailed explanation-1: -The P represents the principle. The principle is the amount the bank owes you for being a customer at their bank O the amount taxed the amount of money borrowed or deposited O the percent interest for his year.
There is 1 question to complete.