Simple interest is calculated mainly only on the principal amount or on that portion of the principal amount that remains unpaid.Step 1 : Choose the formula for calculating simple interest,rate,time and principal.As you see below.
Simple interest (S I) = P?R?T100.
Principal (P) = 100?IR?T
Rate (R) = 100?IP?T
Time (T) = 100?IP?R
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