Question

Qi. If P= Principal, R= Rate of interest per annum T- Time period, SI= Simple Interest, then correct formula
to calculate Time periodis
(1-marks)​

Answer 1

Answer:

Calculating the amount that you need to pay or receive after a certain period based on the interest is vital. Simple Interest Formula is the easiest method of calculating interest on the principal amount and works in the following situations.

When you have borrowed money: If you have taken money from the Bank or your friends and family, you need to pay extra payment of interest along with the borrowed amount. SI formula can help you to calculate the cost of borrowing in the form of Interest.

Answer 2

Explanation:

Is it clear to you friend..