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What does the simple interest stand for? Interest = Principal x Rate x Time Interest = Per unit x Rate x Time Interest = Price x Rate x Total Interest = Principal x Rest x Total
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What does the simple interest stand for? Interest = Principal x Rate x Time Interest = Per unit x Rate x Time Interest = Price x Rate x Total Interest = Principal x Rest x Total

User Cymen
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1 Answer

5 votes

9514 1404 393

Answer:

(a) Interest = Principal x Rate x Time

Explanation:

The letters in the simple interest formula ...

I = Prt

stand for ...

Interest = Principal x Rate x Time

User Armine
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