Maths (Primary Classes)

SIMPLE INTERREST

Meaning of interest: interest means the extra money that you [ay back when ypu borrow money that you receive when you invest money. EXAMPLE 1 find the simple interest on $1,000 for 5 years at 3% per annum. SOLUTION Principal = $1,000 (the amount borrowed Time = 5 years (the period for which the money […]

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