/InterestGlow

InterestGlow is a sleek and intuitive web application designed to simplify the process of calculating simple interest %%.

Primary LanguageCSS

Calculating Simple Interest

Description

This guide provides an easy-to-follow explanation of the formula used to calculate simple interest. The fundamental equation is:

I = P * R * T

where:

  • I is the interest
  • P is the principal amount
  • R is the rate of interest
  • T is the time period