Question

formula of simple interest
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Answer 1

Answer:

P×R×T

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100

Step-by-step explanation:

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.

Answer 2

Answer:

A = P (1 + rt)

Step-by-step explanation:

A = final amount

P = initial principal balance

r = annual interest rate

t = time (in years)