English, asked by nv4910461, 4 months ago

write the formula of simple i
nterest​

Answers

Answered by khushi26323
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 Athalia
2

Answer:

SI formula = Principal×rate×time

CI formula = Principal (1+rate)ᵗⁱᵐᵉ - Principal

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