3 years ago

What is simple interest

2 answers:

hjlf3 years ago

8 0

This is from another website. <span>Simple interest is money you can earn by initially investing some money (the principal). A percentage (the interest) of the principal is added to the principal, making your initial investment grow!</span>

Fiesta28 [93]3 years ago

7 0

A simple interest is is a quick method of calculating the interest charge on a loan. The Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments. I Hope This Helps .

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Step-by-step explanation:

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