Simple Interest – Important Formulas
The money borrowed or lent out for a certain period is called the principal or the sum.
Extra money paid for using other’s money is called interest.
|We Recommend Testbook APP|
|20+ Free Mocks For RRB NTPC & Group D Exam||Attempt Free Mock Test|
|10+ Free Mocks for IBPS & SBI Clerk Exam||Attempt Free Mock Test|
|10+ Free Mocks for SSC CGL 2020 Exam||Attempt Free Mock Test|
|Attempt Scholarship Tests & Win prize worth 1Lakh+||1 Lakh Free Scholarship|
- Simple Interest (S.I.):
If the interest on a sum borrowed for certain period is reckoned uniformly, then it is called simple interest.
Wait untill pdf is loading….
[pdf-embedder url=”https://www.governmentadda.com/wp-content/uploads/2017/02/Simple-Interest-Compound-Interest-Tricks.pdf” title=”Simple Interest & Compound Interest Tricks”]
Download as Pdf >> Click Here