simple interest formula is
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Answered by
1
Answer:
IT IS :
Step-by-step explanation:
P*R*T /100
( PRINCIPAL * RATE * TIME
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100 )
Answered by
1
Answer:
A = P(1+rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years
FROM THE WEB
You can calculate Interest on your loans and investments by using the following formula for calculating simple interest: Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.
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