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simple interest formula general maths. Need a custom math course. Interest Principal Rate Time which is also written as I PRT.
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R interest rate in percentage T time duration in years. Interest principal rate of interest time. SI P R T 100.
Simple interest is money you can earn by initially investing some money the principal.
Interest principal rate of interest time. The general formula for calculating simple interest is. Sale price list price discount. For a borrower simple interest is advantageous since the total interest expense will be less without the effect of compounding.
