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if the principal and the amount of interest for one year are known, the rate of interest of interest can be found
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if the principal and the amount of interest for one year are known, the rate of interest of interest can be found

User Neghez
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For Simple Interest, I = PRT/100

Time = 1 year.

I = P*R*1/100

100*I = PR

100I / P = R

The formula for the Rate, R = 100I / P.
User Matt Fiocca
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