3 years ago

Simple interest on a bank loan can be calculated by multiplying the principal times the interest rate times the time. In the

Mathematics

1 answer:

insens350 [35]3 years ago

4 0

Answer:

I ---> stands for simple interest

r---> stands for interest rate

p ---> stands for principal

t---> stands for time

Step-by-step explanation:

The simple interest formula is I=prt.

In the formula,

I ---> stands for simple interest

r---> stands for interest rate

p ---> stands for principal

t---> stands for time

I hope this helps you choose the correct option from the complete question.

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