Question

what is simple interest

one last​​

Answer 1

Answer:

Generally, simple interest paid or received over a certain period is a fixed percentage of the principal amount that was borrowed or lent. For example, say a student obtains a simple-interest loan to pay one year of college tuition, which costs $18,000, and the annual interest rate on the loan is 6%

Answer 2

Answer:

Simple interest= p×r×t

2