Simple Interest For n Months P X n X R 12 X 100. Using the simple interest formula for future value. Thus simple interest for a year SI P R T 100 1000 100 1 100 Rs 1000.
Simple Interest Principle Rate Time PTR100.
Simple Interest Principal Interest Rate Time. Thus simple interest for a year SI P R T 100 1000 100 1 100 Rs 1000. Example for Simple Interest Formula. Simple Interest Formula is one of the easiest ways of calculating interest on Short term Loans and Advances and Term Loans.