Simple Interest Formula

म्हणूनही ओळखले जाते: Basic Interest Formula

I = P \times r \times t

I = P × r × t

हे काय गणना करते

Calculates interest earned on the original principal only — interest does not compound.

प्रतीक	नाव	युनिट	वर्णन
I	Interest	$	Total interest earned or paid
P	Principal	$	The initial amount
r	Annual Rate	decimal	Annual interest rate as a decimal
t	Time	years	Time period in years

1I = 1000 × 0.06 × 3

2I = $180

परिणाम: $180