Question

what is rate in simple interest explanation​

Answer 1

$\huge\bf{Answer:-}$

In simple intrest Rate means the (%) percentage of the CI and SI

P =[Principal]

A =[Amount]

R =[Rate %]

n =[Number of years]

CI => Compund interest

SI => Simple interest

Answer 2

Answer:

Simple interest is a quick and easy method of calculating the interest charge on a loan.