Simple Interest | साधारण ब्याज | byaj kaise nikale | RAILWAY, RPF, NTPC, SSC, CGL KVS NVS LDC EXAM

Simple Interest | साधारण ब्याज | byaj kaise nikale | RAILWAY, RPF, NTPC, SSC, CGL KVS NVS LDC EXAM..
Simple Interest is an easy method of calculating the interest for a loan/principal amount. Simple interest is a concept that is used in many sectors such as banking, finance, automobile, and so on. When you make a payment for a loan, first it goes to the monthly interest and the remaining goes towards the principal amount. In this article, let us discuss the definition, simple interest formula, and how to calculate the simple interest with examples.
Quaries--
What is called simple interest?
How to calculate the simple interest?
What is the difference between simple and compound interest?
What is the formula of SI?
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