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how to calculate interest in maths lit. If you have borrowed money from a bank or building society for a mortgage. There are two types of methods for calculating interest.
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Once again you can use the I Prt formula to determine the total amount of interest earned. Simple interest compound interest finance maths literacy. Calculate the amount of interest on 870000 when earning 325 percent per annum for three years.
There are two types of methods for calculating interest.
Simple interest compound interest finance maths literacy. A P 1 r n n t A 1 000 000 1 06 12 12 5 A 1 000 000 1 0005 12 5 A 1 000 000 1005 60 A 1 348 85015. Calculate the total bank charges for these transactions. Check with your calculator.
