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SIMPLE INTEREST FORMULA
A=P(1+rt)
Instructions: Familiarize yourself with the following
terms. Be certain that you know the definition of each
term and where it corresponds in the Simple Interest
Formula.
A is the acculmulated amount.
The accumulated value is the money at the end of the
elapsed time. This is
the money earned after receiving interest for a certain period of time.
P is the principle.
The principle is the original amount of money.
r is the rate of interest
in percentage of increase per year.
t is the number of years.
Incremental Calculator
Calculator
Introduction
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