Math, asked by jaysmitalohaka27, 2 months ago

6. Is interest calculated uniformly on the original sum throughout the
loan period?​

Answers

Answered by djhardas82
4

Step-by-step explanation:

Simple Interest(S.I) : It is the interest is calculated uniformly on the original principal throughout the loan period . Some Definitions : Principal : Money borrowed. Rate: is the percentage of the principal charged as interest each year.

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