3 years ago

What interest rate is needed

1 answer:

5 0

Answer:

How to calculate interest rate

Step 1: To calculate your interest rate, you need to know the interest formula I/Pt = r to get your rate. ...

I = Interest amount paid in a specific time period (month, year etc.)

P = Principle amount (the money before interest)

t = Time period involved.

r = Interest rate in decimal.

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