Answer: interest
- the feeling of wanting to know or learn about something or someone
- money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
simple interest
- 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
Step-by-step explanation:
