CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

How are principal and interest calculated?


Open in App
Solution

Formula to calculate the principle :

P=100×SIR×T

And

Formula to calculate the Simple interest :

SI=P×R×T100

Where,

SI=Simple Interest

P= Principal Amount

R= Interest rate (in percentage)

T= Time (in years).


flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Calculating Interest on Savings
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon