Math, asked by khushi02022010, 8 months ago

What is the formula to calculate simple interest?​

Answers

Answered by Anonymous
5

Answer:

Simple Interest Equation (Principal + Interest)

A= P (1 + rt)

  • A = Total Accrued Amount (principal + interest)
  • P = Principal Amount.
  • I = Interest Amount.
  • r = Rate of Interest per year in decimal; r = R/100.
  • R = Rate of Interest per year as a percent; R = r * 100.
  • t = Time Period involved in months or years.
Answered by Anonymous
0

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.

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