Question

What is the formula of Simple interest?​

Answer 1

Answer:

P*R*T/100

example - P-200,r-3%,t-2 years ,si-??

S .I- P*r*t

______

100

S. I. - 200 *3*2yrs.

______

100

S. I. - 1200

____

100

S. I. - 100/1200

S. I. - 12

Step-by-step explanation:

p-???

r-rate

t-time

______

100

Answer 2

Answer:

★ Formulae of Simple Interest :

$\large\fbox{\sf \dfrac{P \times R \times T}{100}}$

Explanation:

※ Here, p = principal, r = rate, and t = time.

※ We can say that, simple interest is a type of method to find out how much interest is on our :

• savings
• loans
• money deposited

※ In some cases, instead of finding I (simple interest), we use this formula to find p/ r/ t.

※ In simple interest we used to find the interest in the whole year, there is one other method to find the internet half yearly which is known as compound interest.

★ Formulae of Compound Interest :

$\large\fbox{\sf A = P (\dfrac{1 + R}{100})^n}$

→ Here, A = amount, P = principal, R = rate, and n = time

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