Question

Tell me the formula to find the rate of interest

Answer 1

Answer:

Step-by-step explanation:

Use this simple interest calculator to find A, the Final Investment Value, using the 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.

Answer 2

Step-by-step explaination:-

since, I=PrT/100
or, 100×I=PrT
or,. 100×I/PT=r%
therefore, rate of interest=100×I/PT

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