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

I = P R T

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A = P (1 + \frac{R}{100})^{T}

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A = P (1 + \frac{R}{100})^{T} - P

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None of the above

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Solution

The correct option is A $I = P R T$
$Simple interest can be found by using the formula I = P R T . Here, P = principal, R = rate of interest (Decimal form), T = time period and I = Simple interest.$

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