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What is the formula of si unit |
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Answer» “When someone lends money to someone else, the borrower usually PAYS a fee to the lender. This fee is CALLED 'interest', 'Simple' interest, or 'flat RATE' interest. The amount of simple interest paid each YEAR is a fixed percentage of the amount borrowed or lent at the start. The simple interest formula is as follows: Simple Interest(SI) = Principal × Rate × Time
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