how to find time period in simple interest?
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You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.
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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.
Step-by-step explanation:
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