Defination of simple intrest and time and principal

1.	Defination of simple intrest and time and principal
Answer» ANSWER: Simple interest is CALCULATED only on the original sum of money, which is known as the principal. To calculate simple interest, use this formula: Principal X rate x time = interest. For example, say you invest $100 (the principal) at a 5% ANNUAL rate for one year.

Answer»

Simple interest is CALCULATED only on the original sum of money, which is known as the principal. To calculate simple interest, use this formula: Principal X rate x time = interest. For example, say you invest $100 (the principal) at a 5% ANNUAL rate for one year.

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Defination of simple intrest and time and principal​

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Defination of simple intrest and time and principal