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11 July, 13:24

What is the formula to find a simple interest rate

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  1. 11 July, 15:28
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    Simple interest formula: A = P (1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods. Where r is in decimal form; r=R/100; r and t are in the same units of time.
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