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What is the formula for finding simple interest and what did each of the variables mean ?

What is the formula for finding simple interest and what did each of the variables mean ?
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10 votes
What is the formula for finding simple interest and what did each of the variables mean ?

User Rohit Nimmala
by
7.5k points

1 Answer

2 votes

Answer:

S.I = (P × R × T)/100

where;

P - principal

R - rate

T - time

User Jonathan Bergeron
by
7.4k points
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