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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

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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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