Question

* Amount = Principal + SI
is this true??​

Answer 1

Answer:

yes it is right

Step-by-step explanation:

The money borrowed is called the principal (P). Extra money paid back is called the simple interest (S.I). Interest is expressed as rate par cent per annum (p.a.) i.e., 12% per month means, the interest on $100 for 1 year is $12. The total money paid back after the given time is called the amount.