To find simple interest and amount.
[simple interest = Principal x rate x interest / 100 and
amount = principal + simple interest
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to find time = 100× SI / principal × rate
to find SI = Principal × time × rate / 100
your si formula was wrong
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Answer:
to find simple interest
PRT/100
Principal x Rate of interest x time/100
Eg
1200 x 12% x 2/100
= 12 x 12 x 2
= 144 x 2]
= 288
total amout to be paid = 1200 + 288 = 1488
Explanation:
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