What is the formula to find a simple interest rate

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asked Oct 3, 2018 110k views

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Rakis · Answer 1 · 2018-10-09T13:30:40+0000

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.

What is the formula to find a simple interest rate

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