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Understanding Simple Interest (Changing Time)

Mention the f...

Question

Mention the formula used to find simple interest.

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Solution

The formula to find simple interest is , where I is the simple interest, P is the principal, R is the rate and T is the time.

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Similar questions

Q. When to use simple interest formula in finding compound interest and when to use amount formula in finding compound interest

Q. Without using the formula, find the difference between compound interest and the simple interest on

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Q. Which of the folllowing is the formula for finding simple interest?

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Understanding Simple Interest (Changing Time)

Standard VII Mathematics

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