If the simple interest on a certain sum for 1st year is Rs 200 then simple interest at the same rate for 3rd year?

Question

If the simple interest on a certain sum for 1st year is Rs 200 then simple interest at the same rate for 3rd year?

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Madelyn 2 weeks 2021-09-12T18:35:40+00:00 1 Answer 0 views 0

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    2021-09-12T18:37:05+00:00

    Answer:

    Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

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