The formula to calculate the amount for simple interest is given by
$A = P \times (1 + T R)$

True

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False

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Solution

The correct option is A True

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Similar questions

Q. Which of the following is the correct formula to calculate the total amount in simple interest?

Q. The mathematical formula for calculating simple interest is

S I = P \times R \times T

where as.

R

= Percentage Rate of interest.

Question 64

In questions 60 to 79, state whether the statements are True or False.
The simple interest on a sum of Rs. P for T yr at R % per annum is given by the formula
Simple Interest $= \frac{T \times P \times R}{100}$

Q. Write a Python program to calculate the amount payable if money has been lent on simple interest.
Principal or money lent = P, Rate of interest = R% per annum and Time = T years. Then Simple Interest (SI) = (P x R x T)/ 100.
Amount payable = Principal + SI. P, R and T are given as input to the program.

Q. Which of the following is the correct formula to calculate simple interest?

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The formula to calculate the amount for simple interest is given by A=P×(1+TR)

The correct option is A True

The formula to calculate the amount for simple interest is given by
$A = P \times (1 + T R)$