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how to find the interest rate formula. The formula for real interest rate can be derived by dividing one plus the nominal interest rate by one plus the inflation rate during the period. Refer to your most recent statement to fill in the interest equation.
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Use that decimal in the formula. Simple Interest Rate Principle Rate of Interest Time Period years 100. Finance for Non Finance Managers Course 7 Courses Investment Banking Course 117 Courses 25 Projects Financial Modeling Course 3 Courses 14 Projects So Interest Amount using simple interest rate formula will be.
Simple Interest Formulas and Calculations.
The formula for real interest rate can be derived by dividing one plus the nominal interest rate by one plus the inflation rate during the period. Mathematically it is represented as Real Interest Rate 1 Nominal Interest Rate 1 Inflation Rate 1. Now you need to convert the interest rate you got by multiplying it by 100. In simple in it also written as Simple Interest rate PRT100.
