what is the formula to find a simple interest rate

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02-02-2017
Mathematics

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what is the formula to find a simple interest rate

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mimi361 mimi361 · Answer 1 · 2017-02-02T06:30:22+01:00

mimi361 mimi361

02-02-2017

simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.

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