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how to calculate simple interest percentage. First work out the amount of interest for 1 year by working out 5 of 40 which is 2. 5000 with the interest rate of 10 per annum and the time period of 5 years.
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R r. For the above calculation you have. 000 how to calculate intere.
Convert the annual rate from a percent to a decimal by dividing by 100.
Convert the annual rate from a percent to a decimal by dividing by 100. T Term of the loandeposit in years. The simple interest formula. Convert the interest.
