What's the meaning of the formula?
I=PRT/100
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Step-by-step explanation:
interest =(principal ×rate×time)/100
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answer:
Meaning of this formula is interest on the original investment.
Step-by-step explanation:
I = Prt, where I stands for the interest on the original investment, P stands for the amount of the original investment (called the "principal"), r is the interest rate (expressed in decimal form), and t is the time
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