Simple Interest, I = …………………
Simple Interest, I = …………………
A) \(\frac{100}{PTR}\)
B) \(\frac{PT^2R}{100}\)
C) \(\frac{PTR}{100}\)
D) \(\frac{P}{100\, \,T}\)
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Correct option is (C) \(\frac{PTR}{100}\)
Simple Interest \(=\frac{\text{Principal value }(P)\times\text{Rate }(R)\times\text{Time }(T)}{100}\)
\(=\frac{PRT}{100}\)
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