Math, asked by aditi1906shukla, 8 months ago

is this formula correct *simple interest = amount + principal

Answers

Answered by mmanjeetkaurin

Answer:

Simple Interest is calculated on the principal amount on a daily/monthly/annual basis. Principal Amount remains constant during the entire tenure on Simple Interest. The formula for calculating Simple Interest is P x r x t ÷ 100, where P=Principal Amount, Rate of Interest & T= Time.

Answered by krishgupta01509

Answer:

No, it's wrong

Simple interest = principal×Rate×time÷100

Is the real formula

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