P = Principal Amount. I = Interest Amount. r = Rate of Interest per year in decimal; r = R/100. R = Rate of Interest per year as a percent; R = r * 100.
Simple interest is an application of percentage. Understanding the concept of simple interest is not only important for you to know how to solve problems in class, but also is a fundamental skill to help you manage your finances. With the basic knowledge on how the concepts work, you get empowered to make good financial decisions. In this article, we are going to learn how to calculate simple interest and the knowledge to solve real life problems. Let’s first start by defining the terms involved in simple interest.
The principal amount (P)
The principal is the money borrowed or initial amount of money deposited in a bank. The principal is denoted by a capital letter “P.”
From 1, i add 3 and i get 4, then i add 3 to 4 and get 7 and then i add 3 to 7 to get 10. From here you can quickly observe that you add three to ten to get 13
The error is that 9 shouldnt be written as nine it should be written as 3x3 or 3^2. So the answer should be 2^3 x 3^2 because 9 can be divided into even more prime factors of 72.
