Question

full from of PTR/100?

Answer 1

Dear friend,

The full form of PTR / 100 is the formula of calculating the Simple Interest.

$SI = \frac{P \times T \times R}{100}$

Where P = Principle
T = Time
R = Rate of interest per annum
SI = Simple Interest

Hope it helps !!!

Answer 2

Full form of PTR/100:-

Simple interest:

• The method of computing interest for a given principal amount of money is known as simple interest (S.I).
• If you know the principal amount, the rate of interest, and the time periods, you can use the simple interest formula to calculate the interest amount.

The following is a simple interest formula:

Simple interest = PTR/100

Where,

SI stands for simple interest.

P stands for the principal.

R stands for interest rate (in percentage)

T is the duration of time (in years)