Math, asked by Shruti2archu040688, 12 hours ago

What is formula of Simple interest?

Answers

Answered by loganlevi2004

17

Answer:

Simple interest is calculated with the following formula: S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = The rate of interest is in percentage r% and is to be written as r/100. Principal: The principal is the amount that initially borrowed from the bank or invested.

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