Concept of Simple Interest When interest is calculated for every period only on the principal, then the total amount of interest gained on all... Click here to read more

Examples of Simple Interest Example 1: Find the simple interest on Rs. 3000 at a 7% rate of interest for one year. Solution: Let... Click here to read more

More Examples of Simple Interest To find the principal when interest, time, and rate are given: Example 01: What amount was borrowed, for which the... Click here to read more