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Simple interest is, well, simple! It's calculated only on the principal amount (the original amount you borrow or invest). Think of it like this: you lend your friend $100, and they agree to pay you 5% simple interest pe Visit Applications of Mathematics: Key Metrics for Evaluating Financial Deci (https://singapore.sgp1.vultrobjects.com/math-tuition/4/applications-of-mathematics-key-metrics-for-evaluating-financial-decisions.html)
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