i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
I=prt (interest equals principle times rate times time. Rearranging gives t=I divided by (pr)
u = prt u = 8000 * 0.6 * 1 u = 4800
P= M/No
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No. I is as described for the stated period.
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
I=prt (interest equals principle times rate times time. Rearranging gives t=I divided by (pr)
check ow3ghc
I=Prt is a multiplication problem. All you need is the Principle, rate, and time. Then you multiply then together.
u = prt u = 8000 * 0.6 * 1 u = 4800
P= M/No
m = k/ln
37
the formula for simple interest is I=PRT (interest=principal x rate x time )
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.
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