In the formula above, T is an abbreviation for time.
Which formula is I p * r * t ?
This is said to be a Base formula. It is often written as I = Prt or I = P × r × t
Here, rate is known as r, time is denoted as t.
This is one that is the same time units known as months or years. Time conversions is one that is based on day numbers of 365 days/year.
Learn more about time from
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