What is the basic formula for simple interest?
سادہ سود کا بنیادی فارمولا کیا ہے؟
- Principal x Rate x Time
- Principal + Rate x Time
- Principal / Rate x Time
- Principal x (1 + Rate)^Time
Explanation
The basic formula for simple interest is: Principal x Rate x Time
This formula calculates the interest earned or paid on a principal amount over a specific period of time.
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