What is the formula of rate?
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Hello mate●︿●
The simple interest formula allows is to calculate i , which is the interest earned or charge on a loan , According to this form the amont of interest is given by l = Prt where P is the principle , R is the annual interest rate is decimal form , and T is the loan expressed year.
Hope it help you!!
The simple interest formula allows is to calculate i , which is the interest earned or charge on a loan , According to this form the amont of interest is given by l = Prt where P is the principle , R is the annual interest rate is decimal form , and T is the loan expressed year.
Hope it help you!!
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