Question

the formula used to solve problems based on simple interest​

Answer 1

Answer:

= Principal (P) + Simple Interest (SI)

Step-by-step explanation:

We observe from the above example that, the Interest cannot be calculated without Principal, Rate and Time.

Answer 2

Answer:

SI = P × R × T

where

P = Principal

R = Rate of Interest

T = Time period

the rate is given in percentage 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.

Step-by-step explanation: