Question

What is the formula for Simple Interest?

Answer 1

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:

I = Prt is the formula.

Step-by-step explanation:

I = Interest

P = Principal

r = rate

t = time

Hope this helps!