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to hard forget it
p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100
Energy (J) = Power x time Q = P x t
I = P x r x t/100 where I = Simple Interest P= principal r= rate t=time The formula is I=PRT P=principal,the money deposited or taken out. R=rate,the percent intrest T=time,the time elapsed or the daily basis
It is an algebraic expression. It resembles the formula for calculating the simple interest, but there are several discrepancies.