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how to calculate simple interest in math. Interest is paid on the total amount of money borrowed also known as the. Paste this link in email text or social media.
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Interest rates are typically expressed as a percentage. Its easy build your own simple interest calculator in a spreadsheet. Convert the interest rate to a decimal value.
Determine the total amount borrowed.
A percentage the interest of the principal is added to the principal making your initial investment grow. After one year you will have 105 and after two years you will have 110. SI P R T 100. 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.
