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I = P x r x t/100
where I = Simple Interest
P= principal
r= rate
t=time The formula is I=PRT P=principal,the money deposited or taken out. R=rate,the percent intrest T=time,the time elapsed or the daily basis
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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 Simple Interest Formula?
I = prt where I = interest, p = principal, r = rate. and t = time in years.
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 Formula for simple interest rate?
The answer for rate in simple interest is =rate= simple interest\principle*time
How is the formula for simple interest used?
PxRxT 100
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 Simple Interest Formula?
I = prt where I = interest, p = principal, r = rate. and t = time in years.
What is the formula for simple annual interest?
I= Prt I=interest P=principal r=rate t=time
What is the formula for a simple compound interest rate?
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.
What is the simple interest the rate if the interest is 1210 the principle is 15000 and the time is 11 months?
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.
Suppose that you plan on investing into an account paying simple interest The formula for simple interest is I equals Prt where I is the interest earned on a investment of P dollars at the given rate?
No. I is as described for the stated period.
