How to find simple interest- - Maths Q - A

Find the Simple Interest:The formula for Simple Interest is SI=P×R×T/100. SI=Simple Interest P= Principal AmountR= Rate of Interest (per annum) T= Time (in year ...

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Standard VIII

Mathematics

How to find s...

Question

How to find simple interest?

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Solution

Find the Simple Interest:
The formula for Simple Interest is $SI = \frac{P \times R \times T}{100}$ .
$SI =$ Simple Interest
$P =$ Principal Amount
$R =$ Rate of Interest (per annum)
$T =$ Time (in years)
Hence, simple interest is $\frac{P \times R \times T}{100}$ .

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How to find simple interest?

Find the Simple Interest:The formula for Simple Interest is SI=P×R×T100. SI=Simple Interest P= Principal AmountR= Rate of Interest (per annum) T= Time (in years)Hence, simple interest is P×R×T100.

Find the Simple Interest:
The formula for Simple Interest is $SI = \frac{P \times R \times T}{100}$ .
$SI =$ Simple Interest
$P =$ Principal Amount
$R =$ Rate of Interest (per annum)
$T =$ Time (in years)
Hence, simple interest is $\frac{P \times R \times T}{100}$ .