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math formula for interest rate. Interest principal rate of interest time. Simple interest is calculated only on the initial amount principal that you invested.
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The business will pay back a total of 16000. A P 1 r5. Since r is the interest rate for 1 interest period r 8 4 008 4 002.
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This is the percentage of every bill account of principle that is reflected in interest. Simple Interest Formulas and Calculations. This is the percentage of every bill account of principle that is reflected in interest. The final step is to multiply that result by the 360 divided by the days to maturity 182 in this case.
