how to find time in simple interest formula
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Answered by
17
Answer:
Simple Interest Formulas and Calculations:
- Calculate Interest, solve for I. I = Prt.
- Calculate Principal Amount, solve for P. P = I / rt.
- Calculate rate of interest in decimal, solve for r. r = I / Pt.
- Calculate rate of interest in percent. R = r * 100.
- Calculate time, solve for t. t = I / Pr.
Answered by
0
Answer:
Simple interest formula is S.I.= P×R×T/100.
Step-by-step explanation:
- Simple interest is a way to calculate the quantity of interest charged on a sum at a given fee and for a given length of time.
- In easy interest, the main quantity is constantly the same, in contrast to compound hobby in which we upload the hobby of preceding years main to calculate the hobby of the following year.
Formula :
here ,
- P is the initial amount (principal amount)
- R is annual intrest rate
- T is time (in years)
Simple interest is calculated by multiplying the interest rate by the principal amount and the time period which is generally in years.
Simple Interest is an smooth technique of calculating the interest for a loan/main amount.
- Simple interest is a idea this is used in lots of sectors which includes banking, finance, automobile, and so on.
- When you're making a fee for a loan, first it is going to the month-to-month interest and the ultimate is going closer to the main amount.
- In this article, allow us to speak the definition, easy hobby formula
Amount = Principal + Simple interest
(#SPJ3)
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