Arithmetic · Classes 6, 7, 8
Simple Interest
Interest on principal P at annual rate R% for T years.
FORMULA
\(SI=\frac{PRT}{100}\)
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Enter values to see a result and calculation steps.
Worked example
P=1000, R=5, T=2 ⇒ SI=100
Understand this formula
Interest on principal P at annual rate R% for T years.
Check measurement units, mathematical domains and rounding before applying any result in an examination.