Question

Amount = Principal + Simple Interest. Is it true or false?

Answer 1

Answer:

true

I hope it is correct answer

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Answer 2

True, Amount = Principal + Simple Interest.

• Simple interest is defined as the technique to calculate the amount of interest when a Principal amount is invested for a rate of interest for a given period of time.
• The interest is calculated only on the 1st principal amount.
• Principal amount is defined as the initial amount which is invested.
• The amount is defined as the sum of the principal amount and the interest earned during the investment period.
• Hence, it is said that Amount = Principal + Simple Interest.