The answer for rate in simple interest is =rate= simple interest\principle*time
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
P(r/100)^2
The first money lender, of course!
I= Prt I=interest P=principal r=rate t=time
The formula for simple interest is: A=P(1+rt)
the formula for simple interest is I=PRT (interest=principal x rate x time )
The answer for rate in simple interest is =rate= simple interest\principle*time
PxRxT 100
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
P(r/100)^2
The first money lender, of course!
I= Prt I=interest P=principal r=rate t=time
Simple Interest = p * i * n p is principle and i is interest rate per period and n is the number of periods. A = P(1 + r)n is for compound interest.
The formula for interest is I = rtP. Then r = I/tP, where t = 11/12. This calculates to a simple interest rate of 8.8 percent.
No. I is as described for the stated period.
time= interest/principal x rate likee yeahh thats it