Question

$\huge\bf{Question:-}$

BASICS CONCEPTS OF MATHS LIKE MULTIPLY, SIMPLR INTEREST
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Answer 1

Simple interest is interest calculated on the principal portion of a loan or the original contribution to a savings account. Simple interest does not compound, meaning that an account holder will only gain interest on the principal, and a borrower will never have to pay interest on interest already accrued.

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Answer 2

Step-by-step explanation:

Simple interest is interest calculated on the principal portion of loan or the original contribution to a saving account . Simple interest does not compound meaning that an account holder will only gain interest on the principal and a barrower will never have to pay interest already accrued .