How to calculate Simple interest with variable rates?

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2022-06-13 10:14:58 - Traduzir -

When you borrow or lend, the rate at which you borrow or lend is known as interest. There are mainly two types of interests paid on loans and deposits – simple interest and compound interest. The type of interest and the method of calculation of interest vary as per the terms of the loan or the deposit. Let’s know more about simple interest in detail. What is simple interest? Simple...

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