if n be the number of years r% be the rate of simple interest per annum and the simple interest pnr ÷50then the principal be
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Principal (P): The original sum of money loaned/deposited. Also known as capital.
Interest (I): The amount of money that you pay to borrow money or the amount of money that you earn on a deposit.
Time (T): The duration for which the money is borrowed.
Rate of Interest (R): The percent of interest that you pay for money borrowed, or earn for money deposited.
Simple Interest Tooltip 2: The Formula
Simple Interest (SI) = (P x R x T)/100
Where:
P: Principal (original amount)
R: Rate of Interest (in %)
T: Time period (yearly, half-yearly etc.)
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