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how do you calculate simple interest gcse. Interest for one year 45timespounds200 frac45100 times 200 0045 times 200 pounds9 Interest for five years 5 times pounds9 pounds45. Simple interest is where the amount of interest earned is fixed over time.
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As the watch has gone up in price this is 25. Make sure you besides studying how to calculate compound interest you also carefully examine how to find simple interest. Work out percentages of amounts To understand what simple interest is.
Percentage change frac text difference text original frac 10 40 frac 1 4 take out a common factor of 10 25.
R r 100. R r 100. R Rate of Interest per year as a percent. Simple interest is worked out by calculating the percentage amount and multiplying it by the number of periods that the.
