Question

the rate of interest is always calculated on _​

Answer 1

Answer:

principal

Step-by-step explanation:

is there your maths test today?

Answer 2

Step-by-step explanation:

To calculate simple interest, use this formula:

1) Principal x rate x time = interest.

2) $100 x .05 x 1 = $5 simple interest for one year.

3) $100 x .05 x 3 = $15 simple interest for three years.

Hope its helpful..✌