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Schach [20]
3 years ago
13

Name the three factors that determine simple interest​

Mathematics
2 answers:
Sedaia [141]3 years ago
7 0
The Interest Rate, The Time And The Principle Amount
Ksju [112]3 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 ' .

Hope I helped !♡

Have a wonderful day / night ! ツ

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