Question

how to slove simple intrest formula

Answer 1

Simple Interest = PTR/100

where R = Rate of Interest Per Annum

T = Time = No.of years

P = Principal Amount


Let P be 1000 ,T be 2 , R be 10%

Then simple Interest

SI = PTR/100 = 1000×2×10/100 = 200 is the simple Interest

Answer 2

Answer:

Simple interest = $\dfrac{P× R× T}{100}$