Math, asked by sriramveera44, 1 month ago

3. How is the rate of interest calculated?​

Answers

Answered by ishanikapoor217
2

Answer:

You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years

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