Simple Interest
Simple Interest Calculation.
Simple Interest S.I= (p * n * r) /100;
p=Principal amount.
n=Time.
r=Ratio of Interest
For example:
4500 at 9.5 % of 6 years
p=4500.
n=6 year.
r=9.5 %
S.I=2700
Simple Interest S.I= (p * n * r) /100;
p=Principal amount.
n=Time.
r=Ratio of Interest
For example:
4500 at 9.5 % of 6 years
p=4500.
n=6 year.
r=9.5 %
S.I=2700