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24 February, 20:33

If the principal and the amount of interest for one year are known, the rate of interest of interest can be found

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  1. 24 February, 22:32
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    For Simple Interest, I = PRT/100

    Time = 1 year.

    I = P*R*1/100

    100*I = PR

    100I / P = R

    The formula for the Rate, R = 100I / P.
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