Question

invests means principal or simple interest please say fast​

Answer 1

Answer:

simple interest

Simple interest is based on the principal amount of a loan or deposit. In contrast, compound interest is based on the principal amount and the interest that accumulates on it in every period.

Answer 2

Answer:

》》》Let's first start by defining the terms involved in simple interest. The principal is the money borrowed or initial amount of money deposited in a bank. The principal is denoted by a capital letter “P.” The extra amount you earn after depositing or the extra amount you pay when settling a loan.