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Interest Calculation
: How do you calculate simple interest?**
1 Answer
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Use the formula: $ \text{Simple Interest} = \frac{P \times R \times T}{100} $ where \( P \) is the principal, \( R \) is the rate, and \( T \) is time in years.
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: How do you calculate simple interest?**
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Use the formula: $ \text{Simple Interest} = \frac{P \times R \times T}{100} $ where \( P \) is the principal, \( R \) is the rate, and \( T \) is time in years.
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