Mathematics · Simple Interest
Which of the following is the correct formula to calculate Simple Interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Interest = Principal × Rate × Time✓
- 2Interest = Principal × (1 + Rate)Time
- 3Interest = Principal + Rate + Time
- 4Interest = Principal ÷ Rate × Time
Correct answer
Interest = Principal × Rate × Time
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