Math, asked by ramnishk98, 9 months ago

defination of simple intrest and time and principal​

Answers

Answered by Ritiksuglan
5

Answer:

Simple interest is calculated only on the original sum of money, which is known as the principal. To calculate simple interest, use this formula: Principal x rate x time = interest. For example, say you invest $100 (the principal) at a 5% annual rate for one year.

Answered by VIGYAS
4

Answer:

Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments

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