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Earn +20 ptsQ: What is formula for interest?
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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.
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