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10 October, 12:43

Simple interest is computed as the:

A) Interest rate times the difference between the initial investment and any previous interest.

B) Interest rate times the initial investment only.

C) Interest rate times any previous interest.

D) Interest rate times the sum of the initial investment plus any previous interest.

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  1. 10 October, 15:09
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    (b) interest times the initial investment only

    Step-by-step explanation:

    simple interest is calculate on the initial amount only there no addition of previous interest. It is calculate by multiplying initial investment to the rate of interest and duration of investment and after multiply we divide the whole value by 100. If we want to find the total value then we have to add the interest to the initial investment
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