Interest calculated solely on the principal amount borrowed is known as interest, while
Chapter 0, Problem 3(choose chapter or problem)
Interest calculated solely on the principal amount borrowed is known as interest, while interest calculated at regular intervals on the principal and previously earned interest is known as interest. (10-1)
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer