Simple Interest

Rumman Ansari   Software Engineer   2024-07-08 01:00:59   72  Share
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Simple Interest (SI)
SI: Simple Interest, the interest calculated on the principal amount.
\[ SI = \frac{P \times R \times T}{100} \]
Amount (A)
A: Total amount accumulated over time, including the principal and interest.
\[ A = P + SI \]
Principal (P)
P: Initial amount of money invested or borrowed.
\[ P = \frac{100 \times SI}{R \times T} \]
Rate of Interest (R)
R: Rate of interest per annum, expressed as a percentage.
\[ R = \frac{100 \times SI}{P \times T} \]
Time (T)
T: Duration for which the money is invested or borrowed.
\[ T = \frac{100 \times SI}{P \times R} \]
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