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What is the formula for simple interest

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What is the formula for simple interest

asked Mar 26, 2023 119k views

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What is the formula for simple interest

Mathematics
high-school

Emile Zankoul asked

by Emile Zankoul

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2 Answers

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Simple interest = principal x rate x time

Kthompso answered Mar 26, 2023

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5 votes

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

Ub answered Mar 31, 2023

by Ub

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