Simple Interest


Simple interest is defined as the interest that is calculated on an original sum of money by multiplying the principal amount with rate of interest and time period.

Learning Objectives:

After completing this module, you will be able to:
- Define simple interest.
- Use the formula to calculate simple interest.
- Apply the simple interest formula to calculate the interest on loans and mutual funds.

Keywords Interest , Simple Interest , Invest , Mutual Funds , Percent , Interest Rate , Rate , Time Period
Controller Required Yes
Languages English - US , 中文 , عربي , Español , Tiếng Việt
Domain K-12
Topic Code MS300067
Devices Google Cardboard with controller , Google Daydream , Samsung Gear VR , Oculus Go , Pico Goblin , EduPro , WebXR