How can you find the interest rate of something if all you have is the time, the principle, and the simple interest amount?

👨🏻‍🏫 學術台數學

2017-02-22 7:47 am

What's the equation and formula for it? What's the interest rate formula?

回答 (2)

2017-02-24 3:44 am

✔ 最佳答案

Simple interest = Principal x Rate x Term

Rate = Simple interest / (Principal x Term)

參考: http://www.double-entry-bookkeeping.com/interest/simple-and-compound-interest/

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2017-02-22 7:54 am

No I mean what's the formula

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