35
42 x 8 x 3.5 ie 1176
time= interest/principal x rate likee yeahh thats it
If you are working on simple interest you have to write the equation I=p. r.t
You need to know the principal amount, the rate and the time. Then a very simply formula for calculating interest is I = PRT where P is the principal amount, R is the interest rate and T is the period of time in years.
68200*0.09*3=18414 note: have to move the rate to places over
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.
500 principal, 10 percent annual rate => 50 annual interest 2 year => 100 total interest.
I
1,773.60
To calculate the simple interest, use the formula: Interest = Principal × Rate × Time. Here, the principal is 3050, the rate is 11.5% (or 0.115), and the time is 7 years. So, Interest = 3050 × 0.115 × 7 = 2,305.75. The simple interest on 3050 at 11.5 percent for 7 years is 2,305.75.
6 years
Simple interest is determined by multiplying the interest rate by the principal of the number of periods. Where, P is the loan and the amount is usually expressed as an annualized percentage.
Here's a simple Perl program to calculate simple interest: use strict; use warnings; sub simple_interest { my ($principal, $rate, $time) = @_; return ($principal * $rate * $time) / 100; } my $principal = 1000; # Example principal amount my $rate = 5; # Example interest rate my $time = 2; # Example time in years my $interest = simple_interest($principal, $rate, $time); print "Simple Interest: $interest\n"; This program defines a function to calculate simple interest and then prints the result for given principal, rate, and time values.
42 x 8 x 3.5 ie 1176
450*8/100*2 = 72
First you figure out the Principal, then you find the interest rate and then find the Time someone gave you to pay back loaned or borrowed money.Formula: Simple Interest= Principal*Rate*TimeExample: Principal-$25,000 Interest Rate- 6.25 simple interest- 6 years$25,000 x .0625 x 6= $9375!
the formula for simple interest is I=PRT (interest=principal x rate x time )