Question

Explain simple intrest with all formulas​

Answer 1

Answer:

Simple interest is calculated by multiplying the interest rate by the principal amount and the time period which is generally in years. The S.I. formula is given as: Simple Interest (SI) = P × T × R ⁄ 100.

Answer 2

Answer:

Simple interest is calculated with the following formula: S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = The rate of interest is in percentage r% and is to be written as r/100.