Best Math Formula website. Search anything about Math Formula in this website.
how to calculate simple interest backwards. Put credit amount loan period in months and amount of monthly payments to reverse loan calculator and as a result you will obtain calculated annual rate. P x r x t 100.
Mortgage Calculator Reverse Mortgage Amortization Calculator Reverse Amort Mortgage Amortization Calculator Mortgage Amortization Mortgage Payment Calculator from www.pinterest.com
Therefore the interest she received was 28750 - 250 3750. Convert the interest rate to a decimal value. This math video tutorial explains how to use the simple interest formula to solve word problems.
T Term of the loandeposit in years.
Calculate Principal Amount solve for P P I rt. If you want to calculate simple interest over more than 1 year calculate the interest earnings using the principal from the first year multiplied by the interest rate and the total number of years. P x r x t 100. R Rate of Interest.
