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Tag: compound interest formula

Simple Interest

Simple Interest

April 6, 2022speromagazineLeave a Comment on Simple Interest

The method of calculating the amount of interest charged on a sum of money at a given rate and a given period of time is known as simple interest. Unlike compound interest, the principal amount in the simple interest always remains the same. In the following article, we’ll discuss the principal, amount, interest rate, and […]

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