Formula to Calculate Simple Interest SI Simple Interest SI is a way of calculating the amount of interest that is to be paid on the principal and is calculated by an easy formula which is by multiplying the principal amount with the rate of interest and the number of periods for which the interest has to be paid. The simple Interest for 2 years is Rs. The period must be expressed for the same time span as the rate.
A 5000 110 3.
3 2 4 0 1 8 0 0 0 0. The amount of simple interest paid is. An example of a simple interest calculation would be a 3 year saving account at a 10 rate with an original balance of 1000. I P x R x T.