Math, asked by Lohithgalla1810, 7 hours ago

what is the meaning of rate
in simple interest

​

Answers

Answered by shivam6291629
0

Answer:

Rate is the rate of interest at which the principal amount is given to someone for a certain time, the rate of interest can be 5%, 10%, or 13%, etc. The rate of interest is denoted by R.

Step-by-step explanation:

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