Question

formula of Simple Interest
do not write unless answer

Answer 1

Answer:

Simple Interest: I = P x R x T

P = Principal Amount. R = Interest Rate. T = No. of Periods.

Answer 2

Answer:

A=P(1+rt)

Step-by-step explanation:

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. Principal: The principal is the amount that initially borrowed from the bank or invested.