3 2 4 0 1 8 0 0 0 0. In this way SI paid annually is 500 and 1500 over a period of three years. This time period usually would be in years.
Simple Interest Formula 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.
R r 100. R and t are in the same units of time. I Interest Amount. 3 2 4 0 1 8 0 0 0 0.