Math, asked by gandlamamatha, 10 months ago

.what is ptrby 100 formulae

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Answered by iamboy

An interest rate is the cost stated as a percent of the amount borrowed per period of time, usually one year. For a savings account, interest is earned. For a credit card, interest is paid. It is earned by money P (called the principal) at an annual interest rate r for t years is given by: I = PTR/100

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