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Earn +20 ptsQ: What is the Simple Interest Formula?
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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 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 difference between simple interest and compound interest?
P(r/100)^2
Who invented the simple interest formula?
The first money lender, of course!
What is the formula for simple annual interest?
I= Prt I=interest P=principal r=rate t=time
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