Question

what is simple interest​

Answer 1

Step-by-step explanation:

It is the amount of money given by the borrower to the lender for using his money

Hope it helps

Answer 2

$\huge\underline\bold\red{Solution}$

$\bold{Simple\: interest}{:-}$

$\textbf{The money borrowed is the principal}$$\textbf{and the extra money to be paid is called the interest}$

$\bold{Simple\: interest\: =\: principal\: ×\: rate\: of\: interest\: ×\: time}$