For principal $P,$ rate of interest $R,$ and time period $N$ (in years), what is the simple interest?

(P+R)×N/100

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P×R×N/100

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P×(R+N)/100

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P+R+N/100

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Solution

The correct option is C: $\frac{P \times R \times N}{100}$
Given: Principal $= P .$
Rate of interest in percentage $= R$ , and
the time in years $= N$
Simple interest, S.I $= \frac{P \times R \times N}{100}$

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Similar questions

Interest is calculated using the below formula (T/F)
I= $\frac{P \times n (n + 1)}{12} \times \frac{r}{100}$
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r is rate of interest per year.

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{^{n} C}_{r} = {^{n} C}_{r - 1}

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Q. Write a Python program to calculate the amount payable if money has been lent on simple interest.
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For principal P, rate of interest R, and time period N (in years), what is the simple interest?

The correct option is C: P×R×N100Given: Principal =P.Rate of interest in percentage =R, and the time in years =N Simple interest, S.I =P×R×N100

For principal $P,$ rate of interest $R,$ and time period $N$ (in years), what is the simple interest?

The correct option is C: $\frac{P \times R \times N}{100}$
Given: Principal $= P .$
Rate of interest in percentage $= R$ , and
the time in years $= N$
Simple interest, S.I $= \frac{P \times R \times N}{100}$