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how to calculate simple interest with example. Simple interest is calculated only on the original sum of money which is known as the principal. Find the interest earned.
Simple Interest Foldable Simple Interest Simple Interest Foldable Math Interactive Notebook from www.pinterest.com
The formula for Simple interest is given by. Thus simple interest for a year SI P R T 100 1000 100 1 100 Rs 1000. Formula of SI P X T X R 100.
Then enter a number of years months or days that the calculation is to run.
R Interest Rate. A 2-year loan of 500 is made with 4 simple interest. Lets give you some examples to understand how much you will earn on your deposits or how much you will have to pay on your loan if your bank uses simple interest. Simple Interest 4000 45 3 540.
