What is the formula for simple interest

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Mark Carpenter Jr asked Mar 1, 2023

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What is the formula for simple interest

Mathematics
high-school

Mark Carpenter Jr asked Mar 1, 2023

by Mark Carpenter Jr

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Simple interest = principal x rate x time

Dmitry Naumov answered Mar 3, 2023

by Dmitry Naumov

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Answer: The formula for simple interest is P*R*T/100

Step-by-step explanation: Where P stands for Principal and R for Rate T for Time

Specterace answered Mar 8, 2023

by Specterace

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