(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
I = (P x T x R)/100
There is no carrot in the compound interest formula!
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
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.
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.
I = (P x T x R)/100
There is no carrot in the compound interest formula!
The formula for simple interest is: A=P(1+rt)
the formula for simple interest is I=PRT (interest=principal x rate x time )
imputed interest
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
It depends on which compound interest formula you mean. Refer to the Wikipedia Article on "Compound Interest" for the correct terminology.
Times Interest Earned = Operating Income/ Interest Expense.
The answer for rate in simple interest is =rate= simple interest\principle*time
You use the PRI formula
Annual Interest Rate divided by 12= Monthly Interest Rate
operating income vefore interest and income taxes / annual interest expense