Question

simple intrest basic part
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Answer 1

Answer:

Interest is actually one of the most fundamental business terms, and without it, the financial trading of the world would come to standstill. Interest is defined as the “time value of money

Answer 2

Answer:

simple interest = (p×r×t)/100

Step-by-step explanation:

p= principal

r= rate

t= time

Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.