What formula applies in the computation of interest on a loan? (p=principal; r=rate; t=time) a. p x r/ t b. p x r x t c. p x t / r d. p / t x r

If it is simple interest then

Interest is =Principal * Rate (per unit of time, per unit of currency) * Time.

So with these qualifications, the answer is "b."

b.

B=  P x R X T

p(1+r)^t=FV

NoTe :FV =future Value 

If interest payment is annually, formaula is =Principle x Interest Ratex Time(12/12). in case of monthly payment get the rate by dividing the interest rate by months.

Answer is B.   P x R x T 

The Computation of interest on loan calculation answer is:-

b. P X R X T