Question

simple interest defination in maths​

Answer 1

Answer:

Simple interest is a method to calculate the amount of interest charged on a sum at a given rate and for a given period of time. In simple interest, the principal amount is always the same, unlike compound interest where we add the interest of previous years principal to calculate the interest of the next year.

Step-by-step explanation:

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Answer 2

Answer:

simple interest is the interest amount for a particular principal amount of money at some rate of interest. In contrast, compound interest is theinterest calculated on the principal and the interestaccumulated over the previous period.