Formula of simple interest

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asked Dec 20, 2022 146k views

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Chris Pickford · Answer 1 · 2022-12-26T22:43:37+0000

Answer:

I = PRT where I is the interest, P is the principal deposited/borrowed, R is the rate as a decimal (take the number & divide by 100), and T is time in years.

Formula of simple interest

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