Homework Check
posted by Ariel .
1.)In a(n) _________ , simple interest is added on to the amount borrowed and the total is repaid in equal installments.
a.)Monthly installment plan
=b.)add on plan
c.)Singlepayment plan
2.)In a(n) _________ , interest is charged on the unpaid part of the loan, and the loan is repaid in equal monthly installments.
=a.)Monthly installment plan
b.)add on plan
c.)Singlepayment plan

Add on Plan
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