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

I = PTR

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

P = ITR

No worries! We‘ve got your back. Try BYJU‘S free classes today!

I = 2PTR

No worries! We‘ve got your back. Try BYJU‘S free classes today!

R = PTI

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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)

Suggest Corrections

Similar questions

S I = P \times R \times T

R

Join BYJU'S Learning Program