Question

simple interest formula
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Answer 1

Answer:

Simple Interest is calculated using the following formula: SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period. Here, the rate is given in percentage (r%) is written as r/100. And the principal is the sum of money that remains constant for every year in the case of simple interest.

Answer 2

SI = P × R ×T

P = PRINCIPAL

R = RATE OF INTEREST

T = TIME PERIOD