Math, asked by OmBirari8079, 11 months ago

Extra money paid by the bank for every 100 after 1 year is called

Answers

Answered by raginiaryan88

Simple interest

Step-by-step explanation:

this questions answer is simple interest

Answered by EthicalElite

Answer:Simple Interest

Step-by-step explanation:

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.

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