Welcome to Coaching Genie's series-11 of Quantitative Aptitude. The Best free IBPS PO Clerk coaching , study materials and practice tests.
This is a series on SIMPLE INTEREST
When a person(borrower) borrows (lends) money from other person (money lender) or from a bank for a certain time and after that specified time he returns the money back to money lender or bank with extra amount, then that extra amount is called interest.
If a certain amount and at a certain rate interest are same for all the given years then it is called Simple Interest. It is changed on principal only.







