Question 8: The simple interest (SI) is
calculated as
Answers
Answered by
1
Answer:
principal × rate per annum × time /100
Step-by-step explanation:
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Answered by
1
Step-by-step explanation:
Simple Interest is calculated by multiplying the daily interest rate by the principal, by the number of days that elapse between payments. simple interest benefits consumers who pay their loans on time or early each month.
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