formula to calculate simple interest
Answers
Answered by
0
Answer:
Simple interest
A = P (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
please mark as brain list dude✌️✌️
Answered by
0
Step-by-step explanation:
Simple Interest is calculated using the following formula: SI = P × R × T, where P= Principal, R= rate of interest, and T= time period. Here, the rate is given in percentage(r%) is written as r/100. And the principal is the sum of money that remains constant for every year in case of simple interest.
Attachments:
Similar questions