When calculating interest has accrued you use the?

When calculating accrued interest, you typically use the formula: Interest = Principal × Rate × Time. The principal is the initial amount of money, the rate is the annual interest rate expressed as a decimal, and time is the duration for which the interest is calculated, usually in years. Depending on the type of interest (simple or compound), the calculation method may vary slightly. For compound interest, you would also consider the frequency of compounding within the time period.