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how to calculate simple interest maths lit. Mathematical Literacy Grade 11 wwwlearnxtracoza Brought to you by Page 23 X-amples. The bank gives you a 6 interest rate and compounds the interest each month.
Practice Calculating Simple Interest With Free Worksheets Simple Interest Word Problem Worksheets Math Worksheets from www.pinterest.com
R and t are in the same units of time. Get your calculator and check to see if youre right. SI P R T 100.
This equals R8000 interest that will be charged for the first year Should he invest the R100000 at 8.
Calculate Interest solve for I. Where SI simple interest. Your intermediate accounting textbook may substitute n for time the n stands for number of periods time. I Prt becomes r IPt Remember to use 1412 for time and move the 12 to the numerator in the formula above.
