Math, asked by tha3, 1 year ago

What is simple interest?

Answers

Answered by Annabelle21

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.

Hope this helps you

Step-by-step explanation:

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Answered by Anonymous

Hey Mate ☺️❤️
Good Morning ☺️

Simple interest is a quick and easy method to calculate charge interest on loan.
SI = PRT/100

Happy Republic Day ☺️.
Hope it helps you ☺️✌️

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