Formula to Calculate Simple Interest SI Simple Interest SI is a way of calculating the amount of interest that is to be paid on the principal and is calculated by an easy formula which is by multiplying the principal amount with the rate of interest and the number of periods for which the interest has to be paid. Beginalign A P1in text5 100 text1 text012 times text2 textRtext6 324 endalign. PV present value.
PV present value.
Get your calculator and check to see if youre right. To determine the accumulated loan amount we use the simple interest formula. Sign in with. Beginalign A P1in text5 100 text1 text012 times text2 textRtext6 324 endalign.