Question

what is simple interest ?? ​

Answer 1

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Formula to find SI is p× r× t /100 where p stands for principle, t stands for time and R stands for rate.

Simple interest is the rate at which we lend or borrow money. It is method for calculating interest charge on a loan.

Answer 2

Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.