Ask Question
1 October, 19:37

What is the formula to find a simple interest rate

+5
Answers (1)
  1. 1 October, 19:42
    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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the formula to find a simple interest rate ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers