Q1. Write the formula to find Amount(A) when Principal(P) and Simple
Interest(l) are known.
Answers
Answered by
1
Answer:
Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
Step-by-step explanation:
Similar questions