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I

The document outlines the formula for calculating simple interest (I) using the principal amount (P), the rate of interest (R), and the time period (t). It also defines the total amount (A) as the sum of the principal and the interest. These formulas are essential for understanding basic financial calculations related to interest.

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8 views1 page

I

The document outlines the formula for calculating simple interest (I) using the principal amount (P), the rate of interest (R), and the time period (t). It also defines the total amount (A) as the sum of the principal and the interest. These formulas are essential for understanding basic financial calculations related to interest.

Uploaded by

cssjourney25
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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P×R×t

• I= 100
• 𝐴=𝑃+𝐼

Where,

I mean simple interest

P means principle amount (in simple the amount on which gain the profit)

R means the rate of interest

t means the time of paying interest

A mean total amount of principle and interset

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