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simple interest formula maths genie. The Formula for simple interest helps you find the interest amount if the principal amount rate of interest and time periods are given. What would 1000 become in a saving account at 3 per year for 3 years when the interest is not compounded simple interest.
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Simple Interest Formula is written as. Interest Principal Rate Time which is also written as I PRT. Tracing paper may be used.
Simple interest formula is given as.
Simple interest formula is given as. Thus the formula for finding interest is. When buying on credit you have to borrow money to pay for the object meaning you will have to pay more for it due to the interest on the loan. 94 Calculations using simple and compound interest EMA6Q Hire purchase EMA6R.
