Simple interest on a savings account, Accounting Basics

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Simple interest on a savings account

By definition, a bank that pays simple interest on a savings account will pay interest:

a- Only at the beginning of the investment period

b- On interest

c- Only on the principal amount originally invested

d- On both the principal amount and the reinvested interest

e- Only if all previous interest payment are reinvested.

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Accounting Basics: Simple interest on a savings account

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Accounting Basics: Simple interest on a savings account

Reference No:- TGS069263

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Simple interest on a savings account

Reference No:- TGS069263

Recent Questions Asked Accounting Basics

Q : How the market reacts to a permanent difference

Q : Is response predominantly income effect-substitution effect

Q : What are rosa''s and arvid''s basis in new lodgepole stock

Q : Explain the general level of wages

Q : Simple interest on a savings account

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