tell about simple interest
Answers
Answered by
0
Answer:
it is the money earn by lending money to another person
Answered by
0
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.
- Auto loans and short-term personal loans are usually simple interest loans.
PLEASE MARK ME AS BRAINLIEST
Similar questions