Question

simple intrest is an increase present on the....​

Answer 1

Simple interest is a method of calculating the interest that is charged on fixed deposits, savings accounts, and loans. It is calculated on the principal amount. Simple interest does not add any interest rate on the interest amount gathered on the principal amount.

Answer 2

• Simple interest is an increase percent on the calculating the interest charge on a loan.

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