formula of simple intrest please
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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 = Time, usually calculated as the number of years. The rate of interest is in percentage r%, and is to be written as r/100.
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♧︎︎︎ ᴀɴsᴡᴇʀ ♧︎︎︎
➪formula of simple intrest :
☞︎︎︎ᴘ × ʀ × ᴛ
- ᴘ = ᴘʀɪɴᴄɪᴘᴀʟ
- ʀ= ʀᴀᴛᴇ ᴏғ ɪɴᴛʀᴇsᴛ
- ᴛ= ᴛɪᴍᴇ
☘︎ ɪ ʜᴏᴘᴇ ᴛʜɪs ʜᴇʟᴘs ᴜ ☘︎
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