simple interest

Simple Interest

Suppose, principal = . Rate of interest = R% and time = I So

() Simple Interest (S.I.) =

Principal × Interest Rate x Time

PRT

100

100

100x (S.I.)

100 x simple interest

(2) Principal (P)

RxT

Rate of interest x time

100 × (S.L.)

100) × simple interest

(3) Rate of Interest (R)

PXT

Capital x time

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