Question: What is Simple Interest for any investment?
Answer: Simple interest is calculated by multiplying the interest rate by the principal by the number of periods. It ignores the effect of compounding and is suitable for calculating interest on short term deposits.
Question:
What is Simple Interest for any investment? Answer:
Simple interest is calculated by multiplying the interest rate by the principal by the number of periods. It ignores the effect of compounding and is suitable for calculating interest on short term deposits. Source: CoolInterview.com
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