Most use-full Simple Interest Formula

Simple Interest

Interest is the money paid for the use of money borrowed.
The sum borrowed is call the principle.The sum of interest and principle is called the ammount.
Formula:

• S.I=PRT/100
• P=(SI x 100)/RT
• R=(SI x 100)/PT
• T=(SI x 100)/PR

If P is the Principle Value,R is the Rate,T is the Time and S.I the simple interest.