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Multiple Choice Question
Choose the correct formula for simple interest

What is the formula for calculating simple interest?

  • A
    SI = (P x R x T) / 100
  • B
    SI = (P x R) / T
  • C
    SI = (P + R + T) / 100
  • D
    SI = (R x T) / P
Explanation:
The correct formula for simple interest is (P x R x T) / 100
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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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