Question: 1.why it is important to know simple interest? 2.Describe how simple interest works and its significance in everyday financial situations. Provide examples of how simple

1.why it is important to know simple interest? 2.Describe how simple interest works and its significance in everyday financial situations. Provide examples of how simple interest is used in savings accounts, loans, or credit cards, and discuss its impact on personal financial planning. 3.what is the importance of doing financial ratio? 4.explain what is simple interest?

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