calculating interest formula

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14 Terms

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I

Interest (extra money earned or paid)

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P

Principal (original amount)

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R

Rate (percentage converted to decimal)

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T

Time (number of years)

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Find Interest

I = P *R *T

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Find Principal

P = I / R*T

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Find Rate (R)

R = I / P * t

8
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Find Time (t)

T= I / P * R

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FInd Total

I = P x R xT and add princple

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>

greater than

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<

less than

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≤

less than or eqaul to

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≥

greater than or equal to

14
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