Determine whether the following statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. In simple interest, only the original money invested or borrowed generates interest over time.
Choose the correct answer below.
O A. The statement is true because simple interest is interest computed on the original principal as well as on any accumulated interest.
B. The statement is false. The true statement is "In simple interest, the original money invested or borrowed and any accumulated interest does not generate simple interest over time."
O C. The statement
false. The true statement is "In simple interest, the original money invested or borrowed and any accumulated interest generates interest over time."
OD The statement is true because simple interest is the amount of money that we get paid for lending or investing money, or that we pay for borrowing money.