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Question

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

A
I=PRT
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B
A=P(1+R100)T
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C
A=P(1+R100)TP
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D
None of the above
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Solution

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

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