What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?

What is defined as the interest on a load or principal that is based

1.	What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?
A.	Effective rate of interest
B.	Nominal rate of interest
C.	Compound interest
D.	Simple interest
Answer» E.

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What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?

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