Math, asked by chaudharyaradhana99, 5 months ago

defenation of simple Interest

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Answered by Anonymous

49

Answer:

Simple interest is interest calculated on the principal portion of a loan or the original contribution to a savings account. Simple interest does not compound, meaning that an account holder will only gain interest on the principal, and a borrower will never have to pay interest on interest already accrued.

Answered by adityak4m6le007

19

Answer:

Simple interest is interest calculated on the principal portion of a loan or the original contribution to a savings account.

Simple interest does not compound, meaning that an account holder will only gain interest on the principal, and a borrower will never have to pay interest on interest already accrued.

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