Question
Interest paid only on the original some of money deposited.
which answer
Deductible
Simple Interest
Unemployment tax
which answer
Deductible
Simple Interest
Unemployment tax
Answers
Answered by
GPT-5 mini
Simple Interest.
Explanation: Simple interest is calculated only on the original principal (sum) deposited, not on any interest that accumulates. Formula: I = P × r × t (interest = principal × annual rate × time). The other options are not correct in this context.
Explanation: Simple interest is calculated only on the original principal (sum) deposited, not on any interest that accumulates. Formula: I = P × r × t (interest = principal × annual rate × time). The other options are not correct in this context.
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