find simple interest on a sum of ruppe 5500 for a period of 2 years with ratio of interest at 9% p.a.
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find simple interest on a sum of ruppe 5500 for a period of 2 years with ratio of interest at 9% p.a.
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Answer:
Simple Interest
Simple Interest is the rate at which we lend or borrow money. In the following section, we will define the important terms and formulae that will help us solve and understand the questions on the simple interest. We will define the concept of Simple interest and use these formulae and definitions to solve questions that we expect will come from this section. Let us begin with the definitions!
Step-by-step explanation: