Answer :
Answer:
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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.