Verified Answer :

Simple Interest : money you can earn by investing money.

Interest : money paid regularly at a particular rate for the use of money lent

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Answer: interest

  1. the feeling of wanting to know or learn about something or someone
  2. money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

simple interest

  1. Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

Simple Interest=P×I×N

where:

P=principle

I=daily interest rate

N=number of days between payments

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Step-by-step explanation:

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