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how to calculate simple interest in qbasic. I P T R 100. This means that you are multiplying the principal amount with the rate of interest and the tenure of the loan or deposit.
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The mathematical equation for calculating simple interest is I P r t. Simple Interest Principle x Rate x Time 100. Simple interest is the interest that is computed on the original principal only.
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Make sure you enter the tenure in years and not months. The program will display the answer and prompt the. Ganesh on About me. Simple Interest Principle x Rate x Time 100.
