What is the simple interest formula? I=Rbullet T R=10Pcdot T I=Pbullet Rbullet T P=1bullet Rbullet T

The simple interest formula is $I=P\bullet R\bullet T$, where $I$ represents the interest, $P$ represents the principal amount (the initial amount of money), $R$ represents the interest rate (expressed as a decimal), and $T$ represents the time the money is invested or borrowed for, usually in years.