Simple Interest
Interest is the money paid for the use of money borrowed.
The sum borrowed is call the principle.The sum of interest and principle is called the ammount.
Formula: - S.I=PRT/100
- P=(SI x 100)/RT
- R=(SI x 100)/PT
- T=(SI x 100)/PR
If P is the Principle Value,R is the Rate,T is the Time and S.I the simple interest.
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