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Which formula gives the Simple Interest?

Class 7Simple InterestComparing Quantities
  • AS.I. = (P × R × T) / 100
  • BS.I. = (P × R × T) × 100
  • CS.I. = (P + R + T) / 100
  • DS.I. = (P × R) / T

Step-by-Step Solution

Simple Interest = (Principal × Rate × Time) / 100, where Rate is per cent per annum and Time is in years.
Answer: A) S.I. = (P × R × T) / 100

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