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Simple Interest Mathematics

Introduction:

Principal: Money that is given to a person as a loan is called principal.

Time: The amount of money lent for the day is called the time of interest.




Rate: The rate at which interest is levied is called interest rate.

Interest: When a person lends money to someone else or from the bank, after the use of funds, which he has to pay extra, it is called interest.

Simple Interest: The interest is only on principal, fixed at a single rate for a fixed time, is called simple interest.

Amount : The sum of principal and interest is called Amount.

Symbolic Terms:
P = Principal
t = Time
r = Rate
I = Simple Interest
A = Amount
Formula with Solved Examples:

Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics

Tricks with Trickily with Solved Examples:

Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics
Simple Interest Mathematics






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