Question

2. Name the three factors that determine simple interest​

Answer 1

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There are only 3 common factors to be considered with regards to simple interest.

● Principal.

● Rate of Interest.

● Time.

Answer 2

Step-by-step explanation:

principal: this is the amount of money being borrowed.

Rate of interest : this is the percent to be used to calculate the additional amount to be paid along with principal

Time.