Simple Interest Formulas

Formulas:

I) Simple interest = (P*R*T)/100 

II) A = P + S.I.

III) P =(100*A)/(100 + (RT)) 

IV) The annual payment that will discharge a debt of Rs. X due in T years at the rate of interest R% per annum is (100X)/ (100T + ((RT(T-1))/2 ))

V) If sum of money become x times in T years at SI , the rate of interest is given by (100X(X-1)/T)%

P- Principal

R- Rate of interest

T- Time

A – Amount

S.I- simple interest