What is the formula for Simple Interest? – InterviewSolution

1.	What is the formula for Simple Interest?
Answer» USE this simple interest calculator to find A, the Final INVESTMENT VALUE, using the simple interest formula: A = P(1 + RT) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal FORM; r=R/100; r and t are in the same units of time.

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