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olasank [31]
3 years ago
13

What is the formula to find a simple interest rate

Mathematics
1 answer:
Sphinxa [80]3 years ago
4 0
Simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
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