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2 years ago

Name the three factors that determine simple interest

Mathematics

2 answers:

Sedaia [141]2 years ago

7 0

The Interest Rate, The Time And The Principle Amount

Ksju [112]2 years ago

3 0

Step-by-step explanation:

We know , $\boxed{ \sf{Interest = Principal \times Time \times Rate}}$

Looking at the formula of simple interest , the three factors that determine simple interest should be :

Principal : The money which is borrowed or deposited is called principal . It is denoted by ' P ' .
Time : The duration of time for which principal is deposited or borrowed is termed as time period. It is denoted by ' T ' .

Rate : The condition under which the interest is charged is called rate. It is denoted by ' R ' .

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Name the three factors that determine simple interest​

Name the three factors that determine simple interest