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Annual Rate of Simple Interest given Final Amount Formula

GoAnnual Rate of Simple Interest Formula

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The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period. Check FAQs

r Annual = \frac{(\frac{A Annual}{P Annual} - 1) \cdot 100}{t Annual}

r_Annual - Annual Rate of Simple Interest?A_Annual - Final Amount of Simple Interest?P_Annual - Principal Amount of Simple Interest?t_Annual - Time Period of Simple Interest?

Annual Rate of Simple Interest given Final Amount Example

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Here is how the Annual Rate of Simple Interest given Final Amount equation looks like with Values.

Here is how the Annual Rate of Simple Interest given Final Amount equation looks like with Units.

Here is how the Annual Rate of Simple Interest given Final Amount equation looks like.

10 = \frac{(\frac{1200}{1000} - 1) \cdot 100}{2}

10 = \frac{(\frac{1200}{1000} - 1) \cdot 100}{2Year}

10 = \frac{(\frac{1200}{1000} - 1) \cdot 100}{2}

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Annual Rate of Simple Interest given Final Amount Solution

Follow our step by step solution on how to calculate Annual Rate of Simple Interest given Final Amount?

FIRST Step Consider the formula

r Annual = \frac{(\frac{A Annual}{P Annual} - 1) \cdot 100}{t Annual}

Next Step Substitute values of Variables

∴

r Annual = \frac{(\frac{1200}{1000} - 1) \cdot 100}{2Year}

Next Step Prepare to Evaluate

∴

r Annual = \frac{(\frac{1200}{1000} - 1) \cdot 100}{2}

LAST Step Evaluate

∴

r Annual = 10

Annual Rate of Simple Interest given Final Amount Formula Elements

Variables

Annual Rate of Simple Interest

The Annual Rate of Simple Interest is the percent of the simple interest paid over the principal amount for the due period.

Symbol: r_Annual

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Annual Rate of Simple Interest

Final Amount of Simple Interest

Final Amount of Simple Interest is the total amount received or paid back, including the amount invested or borrowed initially, and Simple Interest on it for a given duration of time at a fixed rate.

Symbol: A_Annual

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Final Amount of Simple Interest

Principal Amount of Simple Interest

Principal Amount of Simple Interest is the amount invested, borrowed, or lent initially at a fixed rate for a given duration of time.

Symbol: P_Annual

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Principal Amount of Simple Interest

Time Period of Simple Interest

Time period of Simple Interest is the number of years for which the principal amount is invested/borrowed/lent at a fixed rate of interest.

Symbol: t_Annual

Measurement: TimeUnit: Year

Note: Value should be greater than 0.

Formulas to find Time Period of Simple Interest

Other Formulas to find Annual Rate of Simple Interest

Go Annual Rate of Simple Interest

r Annual = \frac{100 \cdot SI Annual}{P Annual \cdot t Annual}

How to Evaluate Annual Rate of Simple Interest given Final Amount?

Annual Rate of Simple Interest given Final Amount evaluator uses Annual Rate of Simple Interest = ((Final Amount of Simple Interest/Principal Amount of Simple Interest-1)*100)/Time Period of Simple Interest to evaluate the Annual Rate of Simple Interest, The Annual Rate of Simple Interest given Final Amount formula is defined as the percent of the simple interest paid over the principal amount for the due period, and is calculated using the final amount of Simple Interest. Annual Rate of Simple Interest is denoted by r_Annual symbol.

How to evaluate Annual Rate of Simple Interest given Final Amount using this online evaluator? To use this online evaluator for Annual Rate of Simple Interest given Final Amount, enter Final Amount of Simple Interest (A_Annual), Principal Amount of Simple Interest (P_Annual) & Time Period of Simple Interest (t_Annual) and hit the calculate button.

FAQs on Annual Rate of Simple Interest given Final Amount

What is the formula to find Annual Rate of Simple Interest given Final Amount?

The formula of Annual Rate of Simple Interest given Final Amount is expressed as Annual Rate of Simple Interest = ((Final Amount of Simple Interest/Principal Amount of Simple Interest-1)*100)/Time Period of Simple Interest. Here is an example- 10 = ((1200/1000-1)*100)/63113904.

How to calculate Annual Rate of Simple Interest given Final Amount?

With Final Amount of Simple Interest (A_Annual), Principal Amount of Simple Interest (P_Annual) & Time Period of Simple Interest (t_Annual) we can find Annual Rate of Simple Interest given Final Amount using the formula - Annual Rate of Simple Interest = ((Final Amount of Simple Interest/Principal Amount of Simple Interest-1)*100)/Time Period of Simple Interest.

What are the other ways to Calculate Annual Rate of Simple Interest?

Here are the different ways to Calculate Annual Rate of Simple Interest-

Annual Rate of Simple Interest=(100*Simple Interest)/(Principal Amount of Simple Interest*Time Period of Simple Interest)

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Annual Rate of Simple Interest given Final Amount Formula

​GoAnnual Rate of Simple Interest Formula

Annual Rate of Simple Interest given Final Amount Example

Annual Rate of Simple Interest given Final Amount Solution

Annual Rate of Simple Interest given Final Amount Formula Elements

Other Formulas to find Annual Rate of Simple Interest

How to Evaluate Annual Rate of Simple Interest given Final Amount?

FAQs on Annual Rate of Simple Interest given Final Amount

Variable Name

GoAnnual Rate of Simple Interest Formula