Question

Which of the following statement is INCORRECT ? *
1 point
(a) Simple interest depends on Principal
(b) Simple Interest can be more than the Principal
(c) Simple interest depends on Time period for which the money is deposited.
(d) The Amount A can be less than the Interest​

Answer 1

Answer:

The Amount A can be less than the Interest..............

Answer 2

Answer:

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Step-by-step explanation:

Interest, in finance and economics, is payment from a borrower or deposit-taking ... Simple interest can be applied over a time period other than a year, for example, every month. Simple ...