Question

Formula for Simple interest ​

Answer 1

Answer:

${\bold\green{Formula \: of \: Simple \: Interest}}$

$SI = \frac{Principal \: \times Rate \: \ \times Time}{100}$

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$\sf\underbrace{ADDITIONAL \: INFORMATION:-}$

Interest is the Additional money paid for borrowing money or other assets. And the money borrowed is called the principal or the sum. The total money returned after the specified time is known as amount.

Thus, Amount = Principal + Interest

If the interest is calculated on the original principal throughout the loan period then it is called simple interest.

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Answer 2

Answer:

${\bold\green{Formula \: of \: Simple \: Interest}}$

$SI = \frac{Principal \: \times Rate \: \ \times Time}{100}$

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

$\sf\underbrace{ADDITIONAL \: INFORMATION:-}$

Interest is the Additional money paid for borrowing money or other assets. And the money borrowed is called the principal or the sum. The total money returned after the specified time is known as amount.

Thus, Amount = Principal + Interest

If the interest is calculated on the original principal throughout the loan period then it is called simple interest.

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$\huge\colorbox{lime}{ᴍʀ.ᴀsʜɪᴛ࿐ ❤}$