The answer for rate in simple interest is =rate= simple interest\principle*time
i=prt FACT: If an annual interest rate is given, time in the simple interest formula must be expressed in terms of years.
I = prt where I = interest, p = principal, r = rate. and t = time in years.
I= Prt I=interest P=principal r=rate t=time
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.
Annual Interest Rate divided by 12= Monthly Interest Rate
the formula for simple interest is I=PRT (interest=principal x rate x time )
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 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 = prt where I = interest, p = principal, r = rate. and t = time in years.
I= Prt I=interest P=principal r=rate t=time
time= interest/principal x rate likee yeahh thats it
At simple rate of interest, the figure will come out to 174.The formula for simple rate of interest calculations is i=prt where i equals the interest, p equals the principal, r equals the rate and t equals the time (in years).To calculate the interest for compound interest, visit the related link.
The formula for simple interest is: A=P(1+rt)
No. I is as described for the stated period.
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.
The formula for simple (ordinary) interest on a bank deposit is Deposit Amount x Rate x Time (# of days) on Deposit.