Plugging those figures into the formula gives the following. Enjoy the videos and music you love upload original content and share it all with friends family and the world on YouTube. The simple interest formula calculator which is utilised to compute the overall gains accumulated via this investment SI P X RX T100 In it the variables represent the following Groww uses this formula to help easily determine interest rates and gauge the increase in value of initial investment.
In this easy video you will learn how to calculate simple interest in.
Get your calculator and check to see if youre right. Lectures on how to solve quantitative questions without pen using common sense and Strategythis is the shorts tric. When the amount of interest the principal and the time period are known you can use the derived formula from the simple interest formula to determine the rate as follows. The balance after 3 years is therefore 5750.