Math, asked by psv03011988, 10 months ago

what is simple interest​

Answers

Answered by harshvardhan99
0

Answer:

Basically it's a way to calculate the interest on loan.

Answered by cutesmile590
2

Answer:

It is a easy and very quick method of calculate the interest charge on a loan .It can be determined by multiplying the interest rate by the principal by the number of days that elapse between payments .

Simple Interest =P × I ×N

Step-by-step explanation:

Hope it's help u

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