What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?

What is defined as the investment of loan or principal which is based

1.	What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?
A.	ffective rate of interest
B.	ominal rate of interest
C.	ompound interest
D.	imple interest
Answer» D. imple interest

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What is defined as the investment of loan or principal which is based not only on the original amount of the loan or principal but the amount of loaned or principal plus the previous accumulated interest?

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