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3 February, 19:01

If the principal and the amount of interest for one year are known, the rate of interest of interest can be found

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  1. 3 February, 21:09
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    For Simple Interest, I = PRT/100

    Time = 1 year.

    I = P*R*1/100

    100*I = PR

    100I / P = R

    The formula for the Rate, R = 100I / P.
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