Question

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

Answer 1

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

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