write the formula of simple i
nterest
Answers
Answered by
1
Answer:
You can calculate Interest on your loans and investments by using the following formula for calculating simple interest:
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.
Answered by
2
Answer:
SI formula = Principal×rate×time
CI formula = Principal (1+rate)ᵗⁱᵐᵉ - Principal
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