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what is the interest rate formula. In simple in it also written as Simple Interest rate PRT100. A decimal like34 doesnt mean much when figuring out your interest.
Simple Interest Compound Interest Continuously Compounded Interest Studying Math Simple Interest Math Simple Interest from www.pinterest.com
RATEC212 C3 C4 Please note that C2 contains the number of years. The formula for compound interest is P 1 rnnt where P is the initial principal balance r is the interest rate n is the number of times interest is compounded per time period and t is the number of time periods. To get annual interest rate we multiply the monthly rate by 12.
Nper required argument The total number of periods months quarters years etc over which the loan or investment is to be paid.
Amount A Principal P Interest I Where. A decimal like34 doesnt mean much when figuring out your interest. Amount A Principal P Interest I Where. Simple interest formula is given as.
