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    Business
  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 9: Current Liabilities, Contingencies, and the Time Value of Money
  5. Question
    Simple Interest on a Loan Can Be Calculated by Multiplying
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Simple Interest on a Loan Can Be Calculated by Multiplying

Question 108

Question 108

True/False

Simple interest on a loan can be calculated by multiplying the principal by the annual interest rate expressed as a percentage of the time in years or a fraction of the time in years.

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