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Advantages of using simple interest

Updated: 12/15/2022
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What are the advantages of using simple interest?

Using simple interest is easier for people to understand. Customers will be able to manage their payments if a business uses simple interest.


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The advantages of using price as an allocating mechanism include that it is a simple system and it is already known. Two other advantages are that it is easy to understand and it is universal.


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How long it would take for 20500 to earn an interest of 59648.75?

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time= interest/principal x rate likee yeahh thats it


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