Question

what is the formula calculating the rate of interest​

Answer 1

Answer:

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.

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Answer 2

❤Hey❤dude✋

♡✽Answer✽♡

The formula to calculating the rate of interest are:-

SP = P×R×T/100

Let the rate of interest be R% p.a. then, This Simple interest formula we will use.

Rate - It is the interest paid on ₹100 for a specified period.

Interest of rate = R/100.

✌I hope it helps you ✌