Question

What will be the minimum number of inputs for finding a simple interest ?

Answer 1

Answer:

Simple interest is a quick method of calculating

a interest charge on a loan.

Explanation:

simple interest formula is given by:

simple interest =(PxTxR)/100

where,

P is the principle amount

T is the time

R is the rate

Answer 2

The minimum number of inputs for finding a simple interest is three.

• The formula for simple interest is (P * R * T) / 100.
• In the above formula, P stand for the principle amount.
• In the above formula, R stands for the rate of interest.
• In the formula above, T stands for the time period for which the simple interest needs to be calculated.
• So, overall there are three quantities that are needed to be input to find the simple interest.