How to solve simple interest?

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Answered Same Day Dec 29, 2021

Solution

Robert answered on Dec 29 2021

113 Votes

Let, P in the principle amount
R is the rate of interest
t is the time
Then, amount of the simple interest (I) can be calculated
y the following formula.
I = PRt
[here R should be converted into decimal number.
i.e. R should not in percentage form ]
example:
let, a person deposits...

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How to solve simple interest?

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