A FOUNDATION COURSE ESSENTIAL SKILLS & ABILITIES /4 0 votes, 0 avg 118 SKILL - T | LEVEL – 1 SIMPLE INTEREST, AVERAGE 1 / 4 The money borrowed or lent out for a certain period is called principal amount interest 2 / 4 The money paid for using other’s money is called Amount Interest principal 3 / 4 The interest paid on Rs. 100 is called principal rate percent amount 4 / 4 The sum of the principal and interest is called Simple interest Amount Rate percent Your score is 0% Restart quiz