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Simple interest applies when interest is earned _____________. a. on interest b. in a serious of payments c. to a checking account d. only once before a payment

Simple interest applies when interest is earned _____________. a. on interest b. in a serious of payments c. to a checking account d. only once before a payment

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Simple interest applies when interest is earned _____________.


a. on interest
b. in a serious of payments
c. to a checking account
d. only once before a payment
Expert Solution
Step 1

Interest is the value provided or paid for the sum borrowed. If the company has made certain investments then, all of that would be requiring amount for interest. It could be considered as the regular payment made to the investment holder or amount charged for the borrowed amount for a particular period of time at a particular percentage.

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