FAQ

What is the Time Period of Simple Interest?
Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest. Time Period of Simple Interest is usually measured using the Year for Time. Note that the value of Time Period of Simple Interest is always positive.
Can the Time Period of Simple Interest be negative?
No, the Time Period of Simple Interest, measured in Time cannot be negative.
What unit is used to measure Time Period of Simple Interest?
Time Period of Simple Interest is usually measured using the Year[Year] for Time. Second[Year], Millisecond[Year], Microsecond[Year] are the few other units in which Time Period of Simple Interest can be measured.
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