Where SI simple interest. The simple interest formula is fairly simple to compute and to remember as principal times rate times time. Find the interest earned.
Where SI simple interest.
The principal is the amount of money you borrow or invest. Always take a moment to identify the values given in the problem. This calculator for simple interest-only finds I the simple interest where P is the Principal amount of money to be invested at an Interest Rate R per period for t Number of Time Periods. The rate of interest is the percent charged for the use of money.