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to use each term properly, the following equations will help you:

I-interest =P-principalx R-rate

P-principal=I-interestx R-rate

R-rate=I-interest XP-principal

Going back to the audience query about the interest of a Php 15,000.00 loan. payable within 12 months at 2% interest monthly, it can be coputed

as follows :

table:

Principal: Php 15,000.00

Rate: 2% monthly

2% x 12 months = 24%

Interest: ? n/a

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Q: How do you find simple interest?

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find the interest on $4000 at 3.5% annual interest for 1 year 6 months

The answer depends on what information you do have.

simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest

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

P*r*t divided by 100

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There are many simple interest calculators online that you can find. I found the one at http://easycalculation.com/simple-interest.php to be simple and accurate.

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

time(t)= interest/rate , princaple

find the interest on $4000 at 3.5% annual interest for 1 year 6 months

Multiply together the capital, the interest rate (as a fraction) and the number of periods to find out the interest.

The answer depends on what information you do have.

If you are looking for an online simple interest calculator there are several sites that you can find this on. One site where you can is called Easy Calculation and will give you all the tools you need.

simple interst is when you earn interest from your principal but compound interest is when you earn interest from your principal as well as from your previous interest

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

There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.

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*r*t divided by 100