200 likes | 204 Views
Call 9463138669 - ANAND CLASSES | Navy AA SSR MR Sailors Agniveer Bharti Recruitment Training Exam Coaching Center Academy Classes In Jalandhar Punjab
E N D
To Know More About Us, Visit https://anandclasses.co.in/ Helpline : 9463138669
SIMPLE INTEREST MATHEMATICS
Calculate simple interest 100 SIMPLE INTEREST FORMULA Annual interest rate Interest paid SI = PRT Time (in years) Principal(Amount of money invested or borrowed)
Calculate simple interest Simple Interest (S.I) is the method of calculating the interest amount for some principal amount of money. Simple Interest Formula The Formula for simple interest helps you find the interest amount if the principal amount, rate of interest and time periods are given. Simple interest formula is given as: SI = (P × R ×T) / 100 Where SI = simple interest P = principal amount, R = interest rate (in percentage) T = time duration (in years) In order to calculate the total amount paid after given period of time, the following formula is used: Amount (A) = Principal (P) + Interest (SI) Where, Amount (A) is the total money paid back at the end of the time period for which it was borrowed.