Question

what is the formula for calculating simple interest? ​

Answer 1

Step-by-step explanation:

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. Where r is in decimal form; r=R/100; r and t are in the same units of time.

Answer 2

Answer:

simple interest = pnr / 100

p = principal

n = time period for the interest

r = rate per annum