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Simple Interest

Overview:


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