Online Exam » Aptitude » Simple Interest

Simple Interest :

1. The money borrowed is called “Principal or Sum”. Extra money paid for using others money is called ‘ Interest’.

2.  If the interest on a certain sum for a certain sum for a certain period is reckoned uniformly, it is called simple interest.

3.  Amount = Principal + Interest

4.  Formulae : The simple interest (S.I.) on a principal P at R% per annum for T years given by

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  • Total No. of Questions : 5
  • Time alloted : 5 minutes
  • Each question carry 1 mark, no negative marks

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