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You use the PRI formula

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Q: What is formula for interest?
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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 Google Sheets interest formula and how can it be used to calculate interest on a loan or investment?

The Google Sheets interest formula is PMT(rate, nper, pv). This formula can be used to calculate the interest on a loan or investment by inputting the interest rate (rate), the number of periods (nper), and the present value (pv) of the loan or investment. The result will be the periodic payment needed to pay off the loan or the interest earned on the investment.


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