At IDNLearn.com, find answers to your most pressing questions from experts and enthusiasts alike. Ask your questions and receive prompt, detailed answers from our experienced and knowledgeable community members.
it is a type of interest where the interest is computed based on the principal value only
Simple interest is based on the principal amount of a loan or deposit. ... Simple interest is calculated only on the principal amount of a loan or deposit, so it is easier to determine than compound interest.
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.
