what is the formula of simple interest
Answers
Answered by
1
Step-by-step explanation:
Simple Interest = principal x rate x time / 100
Answered by
4
Answer:
P×R×T÷100
Step-by-step explanation:
Simple Interest= P x R x T ÷ 100, where P = Principal, R = Rate of Interest and T = Time Period of the Loan/Deposit in years.
Similar questions