Question

what is the formula for finding Simple interest​

Answer 1

SP

Selling price is the price at which a product or service is sold to the buyer. However, cost price is the price that is incurred to produce a product or provide a service to the buyer. Formula to calculate selling price. The selling price is the sum total of the cost price and the profit margin set by the seller.

Answer 2

Answer -

Simple Interest = A = P ( 1 + rt )

A = final amount

P = initial principal balance

r = annual interest rate

t = time ( in years )

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