Question

Formula of rate of interest

Answer 1

Answer:

Rate of interest ( Simple Interest )

Principal × Rate × Time

Step-by-step explanation:

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Answer 2

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A = P ( 1 + rt )

where P is the principal amount of money to be invested at an interest rate R percent per period for t number of time period, where r is in decimal form r = R / 100, r and t are in the same units of time.

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