0
Still curious? Ask our experts.
Chat with our AI personalities
EzraFaith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
SteveKnowledge is a journey, you know? We'll get there.
Chat with Steve
BlakeAs your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with BlakeAdd your answer:
Earn +20 ptsQ: Where can find the simple mathematical formula for calculating interest?
Write your answer...
Submit
Still have questions?
Continue Learning about Other Math
How many years does steven need to invest his 3000 at 7 percent tp earn 210 in simple interest?
Answer : 1 year The formula for calculating simple interest is I = PRT/100, where I = Interest, P = Principal Amount, R = Rate of Interest, T = Time. Then, 210 = 3000 x 7 x T/100 : 21000 = 21000T : Then T = 21000/21000 = 1
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.
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 formula for finding time when using simple interest?
time= interest/principal x rate likee yeahh thats it
What is the calculation for a simple compound interest rate?
There is simple interest and there is compound interest but this question is the first that I have heard of a simple compound interest.
Trending Questions
How much time is 100km?
When x3 plus 3x2 2x plus 7 is divided by x plus 1 the remainder is?
What is 14 divided by 70?
What are three synonyms for the word huge?
The probability of rolling a number greater than 5 on one roll of a die?
What is 20 thousandths in decimal notation?
What number is 100 more than 3 562?
The quotient of number x and 7?
What fraction are equivalent to four fifths?
How do you change whole number fractions to percents?
What does ms65 mean for coins?
How many questions can you miss out of 145 to get a 70 percent?
Who many times does 50 go into 100?
Why does the discriminant affect the type of roots for a quadratic equation?
What hexadecimal numbers are represented by decimal number 28?
Is cyclone another word for hurricane?
What is the greatest common factor of 14c squared and 35c?
How was lenght of a standard meter defined in the year 1791?
7 more than the product of 6 and a number?
What numbers have opposites that are the same as their absolute values?
Copyright ©2025 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.