Question

The formula for simple interest in _____​

Answer 1

Simple Interest Formulas and Calculations: 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.

Answer 2

Answer:

The formula for simple interest is

$\frac{p \times r \times t}{100}$

where

• p = Principal
• r = rate of interest
• t = time