Answer:
Sure! The formula for simple interest is I = P x R x T, where I is the interest, P is the principal, R is the interest rate, and T is the time.
To find the interest, you would plug in the values for P, R, and T and solve the equation. For example, if you have a principal of $500, an interest rate of 10%, and a time of 5 years, the formula would look like this: I = 500 x 0.1 x 5 = $250.
To find the principal, you would rearrange the formula to solve for P. This would give you P = I / (R x T). Using the same values as before, the formula would look like this: P = 250 / (0.1 x 5) = $500.
To find the interest rate, you would rearrange the formula to solve for R. This would give you R = I / (P x T). Using the same values as before, the formula would look like this: R = 250 / (500 x 5) = 0.1.
To find the time, you would rearrange the formula to solve for T. This would give you T = I / (P x R). Using the same values as before, the formula would look like this: T = 250 / (500 x 0.1) = 5.
I hope this helps! Let me know if you have any other questions