i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
Annual Interest Rate divided by 12= Monthly Interest Rate
The answer for rate in simple interest is =rate= simple interest\principle*time
It depends on whether it is simple or compound interest. The formula for simple interest is A = P(1+rt), where A = amount of money after t years, P = Principal, or the amount of money you started with, and r = the annual interest rate, expressed as a decimal (i.e. 7% = 0.07). For compound interest, the formula is A = P(1+r)t.
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
The formula for simple interest is: A=P(1+rt)
the formula for simple interest is I=PRT (interest=principal x rate x time )
Annual Interest Rate divided by 12= Monthly Interest Rate
The answer for rate in simple interest is =rate= simple interest\principle*time
It depends on whether it is simple or compound interest. The formula for simple interest is A = P(1+rt), where A = amount of money after t years, P = Principal, or the amount of money you started with, and r = the annual interest rate, expressed as a decimal (i.e. 7% = 0.07). For compound interest, the formula is A = P(1+r)t.
A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?
operating income vefore interest and income taxes / annual interest expense
The formula for simple interest is Interest = Principal x Rate x Time ÷ 100 As the rate is an annual rate and the period is 1 year then Interest = Principal x 4.5/100. The balance at the year end = Principal + Interest = Principal x 104.5/100.
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
PxRxT 100
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.