# Simple Interest

ÂIf the interest is paid on the principal as it falls due, it is called simple interest and is denoted by S.I.

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where P is the principal, r is the rate of interest in percent and T is time in years.

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If the interest is paid on the principal as it falls due, it is called simple interest and is denoted by S.I.

Â

Â

where P is the principal, r is the rate of interest in percent and T is time in years.

Â

Â

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