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oOMichCandyBlushOo

Answer:

Hey there !!

Here is your Answer Buddy ``|

  • Simple Interest is calculated using the following formula: SI = P × R × T .

Where ,,

  • P = Principal .
  • R = Rate of Interest .
  • T = Time period.

  • Here, the rate is given in percentage (r%) is written as r/100.

  • And the principal is the sum of money that remains constant for every year in the case of simple interest.

Hope this helps !!

Answer by Mich Alien ``

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