write the formula to calculate SI
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Step-by-step explanation:
Simple Interest
Simple Interest is an easy method of calculating the interest for a loan/principal amount. ...
SI = (P × R ×T) / 100.
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1
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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.
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