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Byju's Answer
Standard VIII
Mathematics
CI
Which of the ...
Question
Which of the following is the correct formula to calculate simple interest?
A
I = PTR
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B
P = ITR
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C
I = 2PTR
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D
R = PTI
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Solution
The correct option is
A
I = PTR
The formula to calculate simple interest is given by
I = PTR
where,
P = Principal
T = Time period of deposit
R = Rate of interest(decimal form)
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