Use the simple interest formula to calculate the interest and the total amount to be repaid
in one lump sum for the purchases below.

Simple Interest Rate Formula

1=P x R x T where

1 = interest
P = principal
Rinterest rate (decimal number)
T = time (number of years)

Use the simple interest formula to calculate the interest and the total amount to be repaid in one lump sum for the purchases below Simple Interest Rate Formula class=
Q&A Education