Question

Name the three factors that determine simple interest​

Answer 1

Explanation:

We know ,
`\boxed{ \sf{Interest = Principal * Time * Rate}}`

Looking at the formula of simple interest , the three factors that determine simple interest should be :

• Principal : The money which is borrowed or deposited is called principal . It is denoted by ' P ' .
• Time : The duration of time for which principal is deposited or borrowed is termed as time period. It is denoted by ' T ' .

• Rate : The condition under which the interest is charged is called rate. It is denoted by ' R ' .

Hope I helped !♡

Have a wonderful day / night ! ツ

▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁

Answer 2

The Interest Rate, The Time And The Principle Amount