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• Simple interest formula =PNR÷100
• principal=denoting an original sum invested or lent.
• interest =money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
• amount=come to be (the total) when added together.
• rate of interest =the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.
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