Calculate the Interest Loan at Start Interest Rate Add the Interest to the Loan at Start to get the Loan at End of the year. Where r is in decimal form. R and t are in the same units of time.
For the above calculation you have 450000 to invest or borrow with a rate of 95 percent for a six-year period of time.
R Rate of Interest per year as a percent. The sample answer and solution will be shown below the calculator. The number of times your bank compounds interest in a year. Convert the interest rate to a decimal value.