SIMPLE INTEREST/MEAN MEDIAN MODE

Simple Interest is the interest calculated on the principal amount only, without compounding. It can be calculated using the formula: Interest = Principal × Rate × Time.

The formula for Simple Interest is: Interest = Principal × Rate × Time.

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The Principal is the original sum of money borrowed or invested, before interest.

The Rate represents the percentage of interest charged on the principal amount, usually expressed as an annual percentage.

Total Amount = Principal + Interest.

The Mean is the average of a set of numbers, calculated by adding all the numbers together and dividing by the count of numbers.

To find the Median, arrange the numbers in order and identify the middle number. If there are two middle numbers, calculate their average.

The Mode is the number that appears most frequently in a set of numbers.

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