Business Studies, asked by christinajc2003, 5 days ago

Under simple interest, the interest for n years is ________ times the interest for one year.​

Answers

Answered by kyungjayi456
2

Answer:

Under simple interest, the interest for n years is ___n_____ times the interest for one year.​

Explanation:

In simple interest, the interest increases by a multiplication of the interest in the first year

For example, if the interest per year is $100,

The interest for 2 years = 100 x 2 = $200

The interest for 3 years = 100 x 3 = $300

The interest for 4 years = 100 x 4 = $400

Likewise, the interest for n years = 100 x n = 100n

Hope it is clear

Answered by amrithaadithya2010
0

Answer:

20

Explanation:

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