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What is simple interest
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What is simple interest

User Shehaaz
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This is from another website. 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!
User Ptvty
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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 .
User BryanMinorPhD
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