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what is the formula of simple interest and amount. In the case of an investment your principal is the total amount of money you invested. Amount due after 5 yearsPrincipal Simple Interest 50002500.
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Amount due after 5 yearsPrincipal Simple Interest 50002500. After the interest period or loan period is over the money-lender would receive the original amount of the loan together with the agreed interest. R interest rate in percentage T time duration in years.
The Formula for simple interest helps you find the interest amount if the principal amount rate of interest and time periods are given.
The formula for finding simple interest on a loan is. You can download this Interest Rate Formula Excel Template here Interest Rate Formula Excel Template. The Formula for simple interest is used to calculate the interest amount if time and the principal amount are known. R interest rate in percentage T time duration in years.
