SIMPLE INTEREST If interest is calculated uniformly on the original principal throughout the loan period it is called simple interest.

Simple interest is calculated on the (original) principal for the entire loan period. (True or False)

Formula for calculating simple interest is

After a definite period of time the interest acquired is added to the principal to get the new principal. For the definite period of time, if the interest is calculated on the new principal, then the interest is called………. Interests.

Find the principal of which the monthly interest is 1Rs at the rate of 5% annual simple interest.

In simple interest principal remains constant for the whole loan period?

The simple interest accrued in 3 yr on a principal of Rs 25000 is three-twentieth the principal. What is the rate of simple interest percent per annum?

The simple interest accrued in 2 years on a principal of 24000 is one-eighth the principal. What is the rate of simple interest per cent per annum ?

The total interest of a principal of Rs2000 in 18 months at the rate of yearly simple interest 6% is