Answer
true
Work Step by Step
RECALL:
In simple interest, only the amount invested or borrowed earn interest over the period of the loan or investment.
Thus, the given statement is true.
Thinking Mathematically (6th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0321867327
ISBN 13:
978-0-32186-732-2
Chapter 8 - Personal Finance - 8.3 Simple Interest - Concept and Vocabulary Check - Page 512: 5
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