write the formula to find the amount of simple interest and define the terms in it can some one say this answer
Answers
Answered by
2
Answer:
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. Where r is in decimal form; r=R/100; r and t are in the same units of time.
Answered by
1
Answer:
In simple interest we will learn about how to calculate simple interest. We will recapitulate the formula for simple interest and know more about it. When we borrow money from any source (bank, agency, moneylender), we have to pay back the money after a certain period along with extra money for availing the facility to use the money borrowed.
Step-by-step explanation:
hope it helps ❣️❣️❣️
Similar questions