English, asked by anamikababu0000, 11 months ago

Define Simple Intereste​

Answers

Answered by beastaarush
1

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...... hope it helps

Answered by anikasingh7364
1

Answer:

interest paid or computed on the original principal only of a loan or on the amount of an account

Explanation:

I hope this answer helps u

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