Simple Interest Formula
Kilala rin bilang: Basic Interest Formula
I = P \times r \times t
I = P × r × tAno ang Kinakalkula Nito
Calculates interest earned on the original principal only — interest does not compound.
mga variable
| Simbolo | Pangalan | Paglalarawan |
|---|---|---|
| I | Interest | Total interest earned or paid |
| P | Principal | The initial amount |
| r | Annual Rate | Annual interest rate as a decimal |
| t | Time | Time period in years |
Mga Halimbawang Ginawa
1
I = 1000 × 0.06 × 32
I = $180Resulta: $180
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Mga Kaugnay na Formula
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