Question

2. Name the three factors that determine simple interest.​

Answer 1

Answer:

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

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 the principal. ...

Time.

Answer 2

Answer:

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

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 the principal. ...

Time.

Step-by-step explanation: