What is the formula for finding simple interest and amount in the lesson percentage.
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simple interest= principle x time x rate divided by 100
amount= simple interest + principle
amount= simple interest + principle
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The formula to find simple interest is
Simple Interest(S.I)= (Principle*Time*Rate)/100
principle is the amount of money borrowed.
Total amount to be paid back =SI+ Principle
Simple Interest(S.I)= (Principle*Time*Rate)/100
principle is the amount of money borrowed.
Total amount to be paid back =SI+ Principle
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