what is formula for simple interest
Simple interest is calculated with the following formula: S.I. = P × R × T, where P = Principal, R = Rate of Interest in % per annum, and T = Time, usually calculated as the number of years. The rate of interest is in percentage r% and is to be written as r/100.
prt/100
s . I =prt/100
PxRxT/100
s. I =p×r×t/100
S.I= (P×R×T)/100
PTR/100
prt/100
