Simple interest formula

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Contents Selina Concise Mathematics Class 8 ICSE Solutions Chapter 9 Simple and Compound Interest Selina Publishers Concise Mathematics Class 8 ICSE Solutions Chapter 9 Simple and Compound Interest Simple and Compound Interest Exercise 9A – Selina Concise Mathematics Class 8 ICSE Solutions Question 1. Find the interest and the amount on: (i) ₹ 750 in 3 years […]

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The concept of simple interest is used in many sectors such as banking, finance, personal loans, and so on. In this, the principal amount always remains the same. For eg:- when you make a payment for a home loan, firstly it goes to the monthly interest and the remaining amount goes towards the principal amount. In this blog, we will learn the definition, the simple interest formula, and how to calculate the simple interest with examples.

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