A few exercises showing how to compute or find the simple interest. Simple Interest Formulas and Calculations. Pay the same amount of interest every year.
Alex pays Interest of 1000 10 x 2 Years 200.
Formula for Simple Interest Simple interest is calculated by multiplying the interest rate by the principal amount and the time period which is generally in years. Sales tax price of item tax rate. A P 1 RT A 480001 10 100 4 A 480001 2 5 A 48000 7 5 A 67200 A P 1 R T A 48000 1 10 100 4 A 48000 1 2 5 A 48000 7 5 A 67200. Interest 2000 005 4.