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Subjects>Math>Math & Arithmetic

What is formula for interest?

Updated: 9/22/2023

Wiki User

∙ 11y ago

Best Answer

You use the PRI formula

Wiki User

∙ 11y ago

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What is the formula for finding interest?

i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.

What is the Formula for simple interest rate?

The answer for rate in simple interest is =rate= simple interest\principle*time

What is the formula to calculate monthly interest rate if the annual interest rate is known?

Annual Interest Rate divided by 12= Monthly Interest Rate

What is the formula for difference between simple interest and compound interest?

P(r/100)^2

What is the Simple Interest Formula?

I = prt where I = interest, p = principal, r = rate. and t = time in years.

Related questions

WHAT does the carrot in the formula for compound interest means?

There is no carrot in the compound interest formula!

what is the formula of simple interest?

The formula for simple interest is: A=P(1+rt)

Find the formula of simple interest?

the formula for simple interest is I=PRT (interest=principal x rate x time )

What is the basic imputed interest formula?

imputed interest

How do you solve compound interest formula for n?

It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.

What is the formula for finding interest?

i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.

What is the formula for times interest earned ratio?

Times Interest Earned = Operating Income/ Interest Expense.

What is the Formula for simple interest rate?

The answer for rate in simple interest is =rate= simple interest\principle*time

What is the formula to calculate interest?

In calculating for the interest, please use the formula below:I = PRTwhere I stands for InterestP for principalR for rate; andT for time

What is the formula for calculating interest coverage ratio?

operating income vefore interest and income taxes / annual interest expense

What is the formula to calculate monthly interest rate if the annual interest rate is known?

Annual Interest Rate divided by 12= Monthly Interest Rate

What is the formula for difference between simple interest and compound interest?

P(r/100)^2

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