Math, asked by bencoolcat2001, 3 months ago

How do you calculate decreasing interest over multiple years? What is the formula?

Answers

Answered by Anonymous

4

Step-by-step explanation:

Simple Interest Formulas and Calculations:

Calculate Total Amount Accrued (Principal + Interest), solve for A. A = P(1 + rt)

Calculate Principal Amount, solve for P. P = A / (1 + rt)

Calculate rate of interest in decimal, solve for r. r = (1/t)(A/P - 1)

Calculate rate of interest in percent. ...

Calculate time, solve for t.

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