How to solve simple interest?

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How to solve simple interest?

Answered Same DayDec 29, 2021

Answer To: How to solve simple interest?

Robert answered on Dec 29 2021
127 Votes
Let, P in the principle amount
R is the rate of interest
t is the time
Then, amount of the simp
le interest (I) can be calculated
by the following formula.
I = PRt
[here R should be converted into decimal number.
i.e. R should not in percentage form ]
example:
let, a person deposits...
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