Math, asked by ac0233219, 1 year ago

What is Simple Interest​

Answers

Answered by hemanth101
1

Answer:

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.

Answered by adhikariprastuti50
0

Answer:

Interest of Rs. 100 in one year at the rate of 1% p.a. is called simple interest.

Step-by-step explanation:

Hope it helped you.

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