If the principle 'P' is borrowed at a simple interest rate 'r' for a period of time 't'. Find the loan's future value 'A', or the total amount due at time 't'?


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AT&T Simple interest is calculated only on the principal amount, or on that portion of the principal amount that remains unpaid. The formula for calculating the simple interest is I=PRT. Thanks for asking ChaCha.

Answered by Amy B. -

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