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It is 5%.

Q: What is the simple interest if a principal over 20 years equals the borrowed principal?

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First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!

p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100

simple interest

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.

Simple interest is interest that is calculated only on the amount of unpaid principal on a loan. Such interest is not added to the value of the loan but is tracked separately. Compound interest is interest that is calculated on the total of unpaid principal and accumulated interest on a loan. The difference is in simple interest there is no interest charged on accumulated interest while in compound interest there is interest charged on accumulated interest.

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At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.

First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!

First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!

p = principal ie amount invested; r = annual rate of interest; t = time in years. interest receivable = (p x t x r)/100

simple interest

Simple interest is based on the original principle of a loan. Simple interest is generally used on short-term loans. Compound interest is interest added to the principal of a deposit or loan so that the added interest also earns interest from then on.

simple interest

This would be an example of simple interest.

2000

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

Simple Interest

Simple interest refers to interest that is only paid on principal. Simple discount refers to the amount that is deducted from the amount of the loan.