hey,
The formula for calculating simple interest is as follows:
S.I= (P*R*T)/100
where
S.I= Simple Interest
P=principal amount
R = rate of interest
T =Time of interest
And amount is equal to the sum of Principal amount and Interest calculated.
i.e: A= P+I
where A= amount
P= Principal amount
and,
I = simple interest the formula for which is given above.
I hope this helps.
All the best!
Eligibility | Application | Exam Pattern | Admit Card | Result | Counselling | Cutoff
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile