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how to calculate the simple interest. Principal x rate x time interest For example say you invest 100 the principal at a 5 annual rate for one year. Formula of SI P X T X R 100.
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Get your calculator and check to see if youre right. Principal x Rate x Time Interest p x r x t. T Time Period involved in months or years.
Formula of SI P X T X R 100.
Get your calculator and check to see if youre right. Then enter a number of years months or days that the calculation is to run. R r 100. To calculate interest multiply the principal by the interest rate and the term of the loan.
