What is simple interest?
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hey.. there..
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Simple interest is a quick 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.
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__________
Simple interest is a quick 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.
__________________________________
HOPE IT HELPS U ✌
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Hola!!
Simple Interest is defined as money that is paid only on an original amount of money that has been borrowed or invested, and not on the extra money that the original amount earns.
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Simple Interest is defined as money that is paid only on an original amount of money that has been borrowed or invested, and not on the extra money that the original amount earns.
___________________
If any doubt do contact me!
Hope it helps ya!
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