Simple Interest

Simple interest is the most important part of the mathematics subject and often questions are asked in all competitive examinations. When a person borrows money from another person or from a bank, they have to pay interest at a fixed rate from time to time. But, when interest is charged only on the principal, at the same rate for a fixed period of time, then it is called simple interest. Simple interest is calculated only by the formula. Candidates can practice simple interest-based questions given here to get high marks in this topic, which will help you to get full marks in this topic.