Simple Interest
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Simple Interest (SI)
SI:
Simple Interest, the interest calculated on the principal amount.
Amount (A)
A:
Total amount accumulated over time, including the principal and interest.
Principal (P)
P:
Initial amount of money invested or borrowed.
Rate of Interest (R)
R:
Rate of interest per annum, expressed as a percentage.
Time (T)
T:
Duration for which the money is invested or borrowed.
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