What is the formula of SI

Simple interest is calculated by multiplying the interest rate by the principal amount and the time period which is generally in years. The S.I. formula is given as:

Simple Interest (SI) = P × T × R ⁄ 100

After the calculation for S.I. is done, the principal has to be added to it to get the total amount that the borrower has to give or the lender will collect. This is called total amount and its formula is given as:

A = P + S.I.

Notations in S.I. Formula:

S.I.	Simple Interest
P	Principal Amount
A	Total Amount
R	Rate of Interest
T	Time (in Years)

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