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what is the formula of simple interest in maths. Interest Principal Rate of interest Time. Pay the same amount of interest every year.
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Mr A had invested 1000- for 4 years. Simple interest Principle Interest rate per time period Number of time periods. Simple interest is money you can earn by initially investing some money the principal.
Pay the same amount of interest every year.
I Interest rate per time period. I Interest Amount. Simple interest Principle Interest rate per time period Number of time periods. When a person takes a loan from a bank so heshe has to return the principal borrowed plus the interest amount so that the total amount returned is called Amount.
