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Simple interest differs from a plain percent calculation by also being:

AMultiplied by total
BMultiplied by term
CMultiplied by tenor
DMultiplied by tally
Answer & Solution
Correct answer: B. Multiplied by term
1. A percent alone gives the interest for one period. 2. The loan may run for several years. 3. So the result is multiplied by the term. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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