time(t)= interest/rate , princaple
the formula for simple interest is I=PRT (interest=principal x rate x time )
The answer for rate in simple interest is =rate= simple interest\principle*time
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.
There are many simple interest calculators online that you can find. I found the one at http://easycalculation.com/simple-interest.php to be simple and accurate.
If you are working on simple interest you have to write the equation I=p. r.t
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!
simple interest = principle (money) times the rate times the time
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!
Actuarial interest takes into account compounding over time, while simple interest does not consider compounding.
$494.34 Interest= principal amount * time* simple interest %
Not enough information. You also need to know: * The final amount of money * Whether simple or compound interest is known
I=PRT I=Interest P=Pecuniary(money) R= Rate(interest) T= Time