haydenmccleary2005 haydenmccleary2005
  • 23-03-2022
  • Business
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What is the formula used to calculate simple interest?

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soydawg56
soydawg56 soydawg56
  • 23-03-2022
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.
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