Question

Which is the correct formula for Simple Interest? P=Irt I=Prt t=PIr r=PIt

Answer 1

Answer:

p=Irt

Step-by-step explanation:

where p is the principal mount of money to he invest at an interest rate R % per period for t number of time period.

Answer 2

Answer:

Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.