Question

what is simple interest ? ​

Answer 1

Answer:

what is simple interest ?

Ans.Simple interest is interest calculated on the principal portion of a loan or the original contribution to a savings account. Simple interest does not compound, meaning that an account holder will only gain interest on the principal, and a borrower will never have to pay interest on interest already accrued.

Formula

A = P (1 + rt)

A = final amount

P = initial principal balance

r = annual interest rate

t = time (in years)

Step-by-step explanation:

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Answer 2

Answer:

I hope it's help you

Step-by-step explanation:

in short form ,simple interest = SI

SI = p×t×r /100

P = principal

T = time

R = rate