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how to do interest in math. Get your calculator and check to see if youre right. Where r is in decimal form.
To calculate compound interest use the formula below. We used the formula I Prt where I is the interest earned P is the principal r is the interest rate and t is the time in years. Where r is in decimal form.
Finds the Present Value when you know a Future Value the Interest Rate and number of Periods.
Use the correct time period for the. Use the correct time period for the. I interest principle interest rate time 472 5 100 10 236. Interest 5 of pounds600 frac5100 times 600 pounds30.