61.6k views
0 votes
. In the formula I=P·r·t, what does I stand for?

User Heferav
by
7.4k points

1 Answer

4 votes

Answer:

I stand for simple interest.

p stands for principal amount

R Stands for Rate of interest

T stands for Time

This is the formula for simple interest.

User Tyler Cowan
by
7.1k points