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Interest calculated using the simple interest formula is called:

ASimple interest
BCompound interest
CDiscounted interest
DMarked-up interest
Answer & Solution
Correct answer: A. Simple interest
1. The formula gives its result a name. 2. An amount of money may be invested for a period of years. 3. It earns interest at an annual interest rate. 4. Interest earned according to this formula is called simple interest. _Source: OpenStax Prealgebra 2e (CC BY 4.0), Ch 6 'Percents', sections 6.1-6.5_
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