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how to find simple interest rate in months. I Prt which becomes. T Time Periods involved.
Now Here Are Some Shortcut Tricks For Simple Interest S I And Compound Interest C I With These I Think Y Simple Interest Math Tricks Simple Interest Math from in.pinterest.com
I When T ie the time is given in months then it should be divided by 12 to convert into years. R Rate of Interest per year as a percent. R Annual interest rate in percentage.
Calculate the simple interest amount of principal amount of 5000 annual interest rate of 6 and time of 18 months.
R r 100. Simple interest amount 5000 6 12monthsyear 18months 5000 006 12monthsyear 18months 450. For example a decimal like11 will not help much while figuring out your interest rate. Calculate the simple interest amount of principal amount of 5000 annual interest rate of 6 and time of 18 months.
