Calculate the simple interest and maturity value of the following. Simple Interest Formulas and Calculations. Our aim next is to find the maturity value.
The formula for Simple Interest is Simple Interest Principal Interest In other words it can be written as.
P Principal Invested. I interest P principal r interest rate per year t time in years or fraction of a year CALCULATING SIMPLE INTEREST EXAMPLES. Simple Interest Formulas and Calculations. R and t are in the same units of time.