Question

write the formula to find simple interest and explain the terms in it​

Answer 1

Answer:

p*r*t/ 100

here p is principal r is rate of interest t is time given

Answer 2

Answer:

simple interest formula

p×r×t

let's take an example

If principal =1200,rate of interest =5%and time is 2 years

so P =1200

R=5%

T=2 YEARS

BY USING FORMULA =P×R×T

1200 × 5 × 2 ÷100

1200×5×2 =12000

12000÷100 =120 answer

IN THIS WAY HOW TO SOLVE THE SIMPLE INTEREST