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p = principal
r= rate in decimal
a =amount or final total
t = time in years
i = accumulated interest
Simple interest:
i=prt
therefore t = i/pr
Compound interest:
a=(1+r)^t
alright I'm going to throw in logs (logarithms) baby
therefore log a = log ((1+r)^t)=t x log (1+r)
therefore t = log a / log (1+r)
What else can I help you with?
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?
The amount of money that earns interest is known as the principal. When multiplied by the interest rate and the time period for which the money is invested or borrowed, it determines the total interest earned or paid. This relationship is often expressed in the formula for simple interest: Interest = Principal × Rate × Time. The resulting figure represents the interest accrued over that specific duration.
How do you solve interest rate math problems?
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!
How do you do simple interest?
I=PRT I=Interest P=Pecuniary(money) R= Rate(interest) T= Time
Draw a flow chart to calculate simple interest with 10 percent rate if time is greater than 2 yrs otherwise calculate simple interest with 5 percent?
Draw a flow chart to calculate simple interest with 10% rate if time is greater than 2 yrs otherwise calculate simple interest with 5%.
What is the Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
What is the interest on principal of 2.000 borrowed at 17.5 rate for 6 months?
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.
How do you figure out this math problem?
What is the amout of interest that will be earned on an investment of $8000 at 10% simple interest for 3 years
How do you find time in simple interest?
time(t)= interest/rate , princaple
How do you do interest rate problems?
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!
Find the formula of simple interest?
the formula for simple interest is I=PRT (interest=principal x rate x time )
What amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?
The amount of money that earns interest is known as the principal. When multiplied by the interest rate and the time period for which the money is invested or borrowed, it determines the total interest earned or paid. This relationship is often expressed in the formula for simple interest: Interest = Principal × Rate × Time. The resulting figure represents the interest accrued over that specific duration.
How do you solve interest rate math problems?
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!
How do you calculate simple interest earned?
simple interest = principle (money) times the rate times the time
What is the difference between actuarial interest and simple interest?
Actuarial interest takes into account compounding over time, while simple interest does not consider compounding.
What is the simple interest on 642 for 7 years at 11 percent per annum?
$494.34 Interest= principal amount * time* simple interest %
How do you do simple interest?
I=PRT I=Interest P=Pecuniary(money) R= Rate(interest) T= Time
