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how to calculate simple interest by days. When calculating simple interest by days use the number of days for t and divide the interest rate by 365. Enter the amount of the loan and the simple interest rate.
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The formula will still be I Prt. The Simple Interest Calculation Formula is. Calculate Principal Amount solve for P P I rt.
For the same length of period a greater periodic yield indicates a better deal all other things being equal.
March 16 April 30 May 31 June 30 July 31 August 31 September 30 October 31 November 30 December 31 January 19. If the periodic yield were greater for example 102 for the same 90-day period the interest or gain for the 90-day period would be correspondingly greater. For the same length of period a greater periodic yield indicates a better deal all other things being equal. To do so do not count the day the money is borrowed or the day the money is returned.
