write the formula to find simple interest
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Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
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The Formula for simple interest helps you find the interest amount if the principal amount, rate of interest and time periods are given. Simple interest formula is given as: SI = (P × R ×T) / 100.
Step-by-step explanation:
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