Question

Simple Interest = (____ ) - (____)​

Answer 1

Step-by-step explanation:

simple Interest = (principal × rate of intrest × time ) ÷ 100

Answer 2

What is Simple Interest➜

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Simple Interest (S.I) is the method of calculating the interest amount for some principal amount of money. Have you ever borrowed money from your siblings when your pocket money is exhausted? Or lent him maybe? What happens when you borrow money? You use that money for the purpose you had borrowed it in the first place. After that, you return the money whenever you get the next month’s pocket money from your parents. This is how borrowing and lending work at home.

۝Formula of simple interest۝

• interest= principal×time×rate of interest/100
• Time= interest×100/principal×rate of interest
• principal= Interest×100/rate of interest×time
• Rate of interest= interest×100/principal×time

Hence your answer is,→

Interest= Principal×time×rate of interest/100.