English, asked by divyashreeks209, 5 days ago

what is the formula to calculate interest?​


Answered by Wastad


Step 1: To calculate your interest rate, you need to know the interest formula I/Pt = r to get your rate. ...

I = Interest amount paid in a specific time period (month, year etc.)

P = Principle amount (the money before interest)

t = Time period involved.

r = Interest rate in decimal.

Make me Brainliest and don't forget to follow me

Answered by Nandani182403


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.


mark me brainliest

Similar questions