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how to find simple interest rate formula. 221964 100000 1 00812 12 10. Simple Interest Equation Principal Interest A Total Accrued Amount principal interest P Principal Amount I Interest Amount r Rate of Interest per year in decimal.
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R R100 R Rate of Interest per year as a percent. Simple Interest Rate Principle Rate of Interest Time Period years 100. This time period usually would be in years.
R R100 R Rate of Interest per year as a percent.
FV P x 1 r x t Here FV stands for Future Value. R r 100 t Time Period involved in months or years. Formula of SI P X T X R 100. This math video tutorial explains how to use the simple interest formula to solve word problems.
