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38 votes
38 votes
simple interest is computed by finding the product of the principal amount, p, and the interest rate, r, and the time t.translate each sentence into an formula

User R Arun
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1 Answer

20 votes
20 votes

You have that simple interest is computed by the multiplication of p (principal amount), r (interest rate) and t (time).

The previoues sentence can be written algebraically as follow:

I = p x r x t you only have to multiply each factor

where I is the letter for simple interest.

User Corolla
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