The formula ( A = P + I ) or ( A = P(1 + rt) ) is often represented in the context of simple interest, where ( A ) is the total amount of money accumulated after a certain time, ( P ) is the principal amount (the initial sum of money), ( r ) is the annual interest rate (in decimal), and ( t ) is the time the money is invested or borrowed for, in years. The term ( I = prt ) represents the interest earned over that time period. Thus, this formula is used to calculate how much interest will be earned or owed on a principal amount over a specified period.
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
I=prt (interest equals principle times rate times time. Rearranging gives t=I divided by (pr)
u = prt u = 8000 * 0.6 * 1 u = 4800
P= M/No
56
No. I is as described for the stated period.
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
I=prt (interest equals principle times rate times time. Rearranging gives t=I divided by (pr)
check ow3ghc
I=Prt is a multiplication problem. All you need is the Principle, rate, and time. Then you multiply then together.
u = prt u = 8000 * 0.6 * 1 u = 4800
P= M/No
m = k/ln
37
the formula for simple interest is I=PRT (interest=principal x rate x time )
56
At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.